Posts tagged SIOR
Commercial real estate firm NAI DESCO announced it will increase its inventory and agents by 50 percent with the acquisition of competitor Coldwell Banker Commercial’s St. Louis brokerage division.
NAI DESCO is a full-service brokerage firm offering a wide range of services to institutional and individual owners of real estate as well as tenants and buyers. The firm focuses on corporate real estate services and brokerage of industrial, medical, office, retail and investment properties.
The following is an excerpt from Vice President Tom Erman’s presentation at the annual St. Louis SIOR Forecast breakfast:
I saw an article recently that stated “If we are always looking in the rear view mirror it is hard to keep our eyes on the road ahead.” The lesson is obvious, we can not ignore the past but rather we should learn from it and have the ability to quickly look forward and responsively meet the challenges of our daily tasks.
In the early 90’s we saw the commercial real estate market in a state of upheaval, with the savings and loan debacle causing values to plummet. The eventual result was a turn around starting in the mid 90’s with values of properties reaching market level heights not seen before.
Tom Erman, SIOR and Andy Port , SIOR of NAI DESCO successfully represented Forsyth Centre Associates LLC in the lease of 4,564 square feet of retail space at 8235 Forsyth Blvd in Clayton to Great Southern Bank. The first floor space in the Merrill Lynch building was formerly occupied by Irwin Union Bank.
For information on available space in this building, please view our Available Properties.