ST. LOUIS-CPI Corp. has reached a deal to lease back the headquarters building and parking lots it sold last month in St. Louis to investor David Jump. The portrait studio operator signed agreement with 1706 Washington Avenue LLC to lease back its 300,000-square-foot headquarters at 1706 Washington Ave. and parking lots Lucas Avenue and Washington Avenue for 20 years.
CPI sold the properties to Jump's Cahokia, Illinois-based American Milling LP for $3 million. For the full story, go to St. Louis Business Journal .
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