Berkadia and Berkadia Institutional Solutions closed the combined sales of three multifamily properties, Southfield Apartments, St. Louis MSA Apartment Ground and a high-rise in St. Louis consisting of 730 total units in St. Louis, Missouri.
Managing Directors Andrea Kendrick and Ken Aston and Senior Director Bobby Mills of Berkadia St. Louis completed the $100 million in combined sales volume.
The properties include a prolific high-rise in St. Louis and:
Southfield Apartments is a 429-unit garden-style multifamily property located at 5549 Southfield Drive in St. Louis, Missouri. The property features one- and two-bedroom floor plans with dishwashers. Community amenities include a laundry facility, a fitness center, a swimming pool, and a picnic area. The property affords residents convenient access to Cliff Cave County Park, St. Louis Lambert International Airport and the shops and restaurants near Telegraph Road.
St. Louis Apartment Ground is 15 acres of land located within the St. Louis MSA. The land will be used to develop a multifamily property that will feature approximately 160 townhomes with two- and three-bedroom floor plans averaging 1,250 square feet. The property will afford residents convenient access to a nearby regional airport, parks, shops, and restaurants.
