Holliday Fenoglio Fowler, L.P. has arranged $13.35 million in financing for St. Louis Place, a 20-story, 337,088-square-foot, Class-A office building in downtown St. Louis.
Working on behalf of Mariner Real Estate Management, HFF placed the five-year, floating-rate loan with Bank Midwest, a division of NBH Bank. Loan proceeds were used to acquire the property and fund future capital improvements.
St. Louis Place is located at 200 North Broadway immediately east of Interstate 44 and immediately north of Interstates 64 and 55, which intersect downtown and connect the city to the local suburbs and neighboring metropolitan areas of Chicago, Louisville, Kansas City, Indianapolis and Nashville.
The property is 63 percent leased to 12 tenants including Fleishman-Hillard, the General Services Administration (GSA) and Peckham Guyton, Albers & Viets (PGAV Architects). St. Louis Place features five levels of parking on floors two through six totaling 309 stalls and views of the Gateway Arch and Bush Stadium, which is home to the St. Louis Cardinals baseball team.
The HFF debt placement team representing the borrower was led by managing directors Matthew Schoenfeldt and Brock Cannon.