The tenants are MECS Inc., the successor company to MonsantoEnviro-Chem Systems, and Suburban Journals of St. Louis, asubsidiary of Lee Enterprises. Burt Follman and Tim Balk of SolonGershman Inc., an Oncor International affiliate, represented theseller. Follman was managing general partner of the selling group,says a Solon spokeswoman.
She says she can't divulge the lease rate that the two tenantsare paying. However, the average rate in the area is between $21 to$22 per sf, the spokeswoman tells GlobeSt.com. "The Highway 40Corridor is a very desirable area in St. Louis, there's a lot ofoffice buildings to compete with," she says.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
