Last Updated: February 2, 2012 ET

NY REIT Buys Express Scripts' HQ Building for $43M

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ST. LOUIS-New York City-based American Realty Capital Trust III Inc. has acquired the Express Scripts building situated in the NorthPark development from 4400 N. Hanley LLC. The REIT has paid $42.6 million for the 227,467-square-foot building at 4400 N. Hanley near the University of Missouri-St. Louis.

Express Scripts is leasing the entire building for its headquarters. The acquisition deal was closed on January 25. The building, a joint venture between Paric Corp. and Clayco, was developed last fall. For the full story, go to St. Louis Business Journal .

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Categories: Midwest, Sales, Acquisitions/Dispositions, Scope, St. Louis

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