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TOWN & COUNTRY, MO-Corporate Pointe Partnership has sold its investment vehicle, the 84,440-sf Corporate Pointe office building at 14522 S. Outer Forty Rd., for $10.7 million to Forty Pointe LLC. The four-story building is 100% leased to two tenants, and is on four acres along the Highway 40 corridor.

The tenants are MECS Inc., the successor company to Monsanto Enviro-Chem Systems, and Suburban Journals of St. Louis, a subsidiary of Lee Enterprises. Burt Follman and Tim Balk of Solon Gershman Inc., an Oncor International affiliate, represented the seller. 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 tenants are paying. However, the average rate in the area is between $21 to $22 per sf, the spokeswoman tells GlobeSt.com. “The Highway 40 Corridor is a very desirable area in St. Louis, there’s a lot of office buildings to compete with,” she says.

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