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MissouriMultifamily

Berkadia closes nearly $100 million sale of 345-unit apartment property in St. Louis market

June 14, 2021
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Berkadia recently closed the $100 million sale of The PARQ at Chesterfield Village, a 345-unit midrise multifamily property in Chesterfield, Missouri, a suburb of St. Louis.

Senior Director Andrea Kendrick, Managing Director Ken Aston and Director Bobby Mills of Berkadia St. Louis completed the sale on behalf of the seller, Indiana-based Watermark Residential, a wholly owned affiliate of Thompson Thrift. The buyer was California-based Passco Companies, LLC.

Located at 16346 Lydia Hill Drive and built in 2019, The PARQ at Chesterfield features one-, two- and three-bedroom floor plans with oversized balconies. Community amenities include a fitness center, a courtyard, an outdoor grilling area with firepits, a swimming pool with cabanas, a clubhouse and a business center.

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