Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ST. LOUIS-Scottrade is in talks with Duke Realty Corp. to purchase two buildings and two land parcels in Town & Country. Soon 500-510 Maryville Centre Dr. and 700 Maryville Centre Dr. will join Scottrade’s list of business locations. The purchase price is unknown.

A spokesperson for Scottrade tells GlobeSt.com, “Scottrade has not purchased any property. The rumors are premature and nothing has been finalized.” A spokesperson for Duke also declined to comment. However, a source close to the deal confirmed to GlobeSt.com that the two companies are in fact in talks over the two Maryville Centre Dr properties.

If the deal goes through Scottrade, which is headquartered in Des Peres, will expand its holdings by 386,000 square feet. The 500-510 Maryville Centre Dr. property is 166,000 square feet while 700 Maryville Centre Dr. is 220,000 square feet. These properties are part of an 11-building office park developed, owned and managed by Duke. There is no word about when construction would begin on the two parcels that are also part of the deal.

According to reports, the online investment firm will move its expanding IT department to the new facilities. In the middle of January Scottrade held a career fair to fill 50 open IT positions, with plans to hire more than 150 IT professionals throughout the year.

“As we continue to add branch offices and grow our business, our IT department is critical,” says Scottrade chief information officer Ian Patterson, in a release about the career fair.

The news of Scottrade’s growth and expansion comes on the heels of numerous reports of layoffs and downsizing throughout the city. Other major businesses here have recently announced widespread layoffs, such as Boeing and Anheuser-Busch InBev, which announced plans to layoff more than 2,000 employees last December.

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?


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.