St. Louis Office

The offering is comprised of two contiguous land parcels, 7500 Forsyth Boulevard (Parcel 4) and 194 Carondelet Plaza (Parcel 5), in the Clayton CBD on the corner of Forysth Boulevard and Carondelet Plaza. Both parcels are void of improvements and fall within the High-Density-Commercial (HDC) district.

The subject parcels contain approximately 1.34 acres (Parcel 4: 0.98 AC & Parcel 5: 0.36 AC) of unimproved land located immediately to the east of Centene Corporation's Clayton campus. Parcel 4 abuts the eastern side of Centene Plaza C's East Garage while Parcel 5 abuts the southern side of the East Garage and the eastern side of the Crescent. These development ready parcels sit amidst the Ritz Carlton Hotel, Centene Corporation's headquarters, Washington University's Clayton Campus, and several of St. Louis' most prominent condominum complexes. This unique offering presents qualified buyers with the rare opportunity to purchase two development ready sites in the heart of Clayton.

The Vlasis Park land parcel is a unique, one-of-a-kind opportunity to acquire a premier development site that has been approved for multifamily development. The site consists of three contiguous parcels that total 4.72 acres and the site is vacant and ready for development. The property is truly superior in terms of its West County location, accessibility, demographic profile, and proximity to amenities and upscale housing. The site is located at the northwest corner of the signalized intersection of Manchester Road and Seven Trails Drive, with frontage on four roadways and adjacent to Vlasis Park. Manchester Road is one of the most heavily traveled roadways in the St. Louis MSA with traffic counts at +/- 40,000 vehicles per day at the subject site. The immediate area consists of most national retailers along Manchester Road and residential uses in the secondary positions. The site is located in the Ballwin Multifamily Submarket, which is one of the leading submarkets in the MSA with 5,988 units, effective rent at $1,295/month or $1.40/sf, YOY rent growth at 9.0%, and 97.6% occupancy.