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ST. LOUIS—Core urban areas like Chicago have become well-known for attracting thousands of new residents to their respective downtowns, but the same phenomenon is occuring in many other Midwest cities. The former CPI Building, a 270,000-square-foot 1912 vintage office building in St. Louis, is just one of many such properties that will soon be converted to loft apartments. Revive Capital Development, LLC, a Kansas City-based investor, has just bought the nine-story building at 1706 Washington Ave. from 1706 Washington LLC. John Warren, a vice president with the St. Louis office of JLL represented the seller. The financial terms were not disclosed.

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