X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ST. LOUIS, MO-Announce Media has leased 12,080 square feet at the Louis London Building at 6665-6677 Delmar Boulevard. The firm will move in March to join other marketing and advertising firms in the 72,000-square feet-property. Building owner University City Lions LLC was represented in the lease by Tim Balk, vice president of Solon Gershman Inc.

“This building has a parking lot behind it for public parking, where most of the Clayton submarket charges for parking,” Balk tells GlobeSt.com. “There are restaurants, art galleries, movie theaters and more within walking distance, which is attractive to creative firms, because they come early and stay late and can go places in the area easily. They also liked the gutted open space.”

The Louis London Building consists of two three-story buildings built in 1920 that were later converted into Class B multi-tenant office space. The buildings are connected by a sky bridge and offer 15-foot ceilings, exposed duct work and an outdoor patio. During the past year, the property owners have put $1.5 million into renovations to the building, including work on the lobby, bathrooms, common corridors and individual tenant improvements.

The building is located in the University City Loop in the Clayton submarket. “This building is doing very well, but otherwise the market is a little slow,” Balk says. The buildings offer 46,000 square feet of office for asking lease rates around $19.50, gross. The office component of the the Louis London Building is now about 65% occupied, but was completely vacant for a period in 2007, following the departure of former tenant Momentum, which occupied the property fully.

The property also offer 26,000 square feet of retail. The space is 100% occupied by tenants including Blockbuster, Jimmy John’s and The Melting Pot. Asking lease rates for the retail are around $30, net.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.