Commercial Real Estate Transactions – April 2023

SAINT LOUIS, MO – NAI DESCO represented parties in the following commercial real estate transactions:

  • Oblate Real Estate Trust was represented by Tony Salerno in the sale of a 63,588 SF industrial building at 9401 Illinois Route 15 in Belleville, IL to Retail Place, LLC represented by Michelle Miller, CCIM and Tony Salerno.

  • Lumberyard Supply Company was represented by Tim Cribbin in the sale of a 48,000 SF industrial building at 5060-5130 Manchester Ave in the City of St. Louis, MO to Conroad Associates, LP.

  • KTMS, LLC was represented by Michelle Miller, CCIM in the lease renewal of 5,000 SF of industrial space at 10254 Page Industrial Blvd in Overland, MO to American Food & Vending Service of MO, Inc.

  • Rhodes Properties, LC was represented by Peter Sheahan in the purchase of 1.38 acres of land at Orchard Town Center Outlot 1 in Glen Carbon, IL from TSG Orchard Town Center, LLC.

  • 10551-10557 Big Bend, LLC was represented by Tony Salerno in the sale of 1.01 acres of land at 10551 – 10557 Big Bend in Kirkwood, MO to NVS Properties, 17, LLC.

  • Krishna Patel was represented by Michelle Miller, CCIM and Meghan Donovan in the purchase of 0.61 acre of land at The Shoppes at Richland Creek Lot 3B in O’Fallon, IL from O’Fallon Investment Partners, LLC
     

About NAI DESCO
NAI DESCO is a leading commercial real estate firm serving Central and Eastern Missouri and Southern Illinois. Founded in 2000, NAI DESCO was formed when the Schnuck family partnered with veteran brokers to create an independent firm for the brokerage and property management of third-party office, industrial, medical, retail and investment properties. To learn more, visit www.naidesco.com.

About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with over 5,000 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com