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First American
Europaproperty.com
Thursday, November 20, 2008  

Office


3/30/2007

One Financial Plaza in St. Louis sells for $46.25 million


501 N. Broadway
Parmenter Realty Partners purchased the 12-story, 433,453 square foot building at 501 N. Broadway in St. Louis from Triple Net Properties for $46.25 million on March 30.

Jaime Fink, of the Chicago office of Holliday Fenoglio Fowler handled the sale of the building for Triple Net.

Parmenter did not have a broker.

Placed on the market in mid-2006 for $55 million, One Financial Plaza is within blocks of Interstate 70, a Metrolink train station, The Edward Jones Dome and America's Center in St. Louis' central business district.

It was built in 1985 by Hellmuth, Obata & Kassbaum.

Key tenants at the building, which is 91 percent leased, include The Federal Reserve Bank, Stifel, Nicolaus and Company, and Jacobs Engineering.

It also features amenities such as a fitness center, 9,000 square feet of meeting and convention space including a 500-seat auditorium. Parking is available on-site in a 198-space, below-grade parking garage or in the adjacent St. Louis Center Garage, which leases 244 spaces to One Financial Plaza.

Headquartered in Miami, Parmenter is a privately held real estate investment, management, and development company. They are actively involved in acquiring, repositioning, and managing real estate assets in major markets throughout the Southeast and Southwest U.S.

Address: 501 N. Broadway, St. Louis, Mo.

Size: 434,136 square feet

Built: 1985

Architect: Hellmuth, Obata & Kassbaum


Filed Under: Office

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