Stanton Road Buys St. Louis Deloitte Building

ST. LOUIS—Stanton Road Capital, LLC has just acquired through an affiliate 100 S. 4th St., a 249,000 square foot class A office building in the CBD commonly known as the Deloitte Building. It’s another sign that the downtown market here has popped up on the radar screens of out-of-town investors as leasing shows signs of improvement and major infrastructure projects approach completion.

The property was sourced on an off-market basis and the sale price was not disclosed. Developed in 1987, the 12-story property was designed by St. Louis-based HOK and originally occupied by MCI WorldCom. The property has since been converted to a multi-tenant building and was 100% leased at the time of acquisition by both national and regional tenants including Deloitte, Polsinelli and BMO Harris Bank.