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“This is a mission critical location for World Wide Technology, which already has a significant footprint in the St. Louis market,” says Avison Young's Erik Foster.
Net lease in general is doing well thanks to a more liquid environment, favorable cap rates and growing foreign interest, says Jim Koman of ElmTree Funds.
A joint venture of Trammell Crow Co. and Elm Tree Funds was awarded a 20-year build-to-suit lease in August with the General Services Administration for the project.