HFF has been selected to market the sale of CityPlace 6, a 223,960-square-foot, Class-A office building in Creve Coeur, Mo.
HFF is marketing the property on behalf of the seller, an affiliate of The Koman Group, for an undisclosed amount free and clear of debt.
The 10-story office tower is located at the intersection of Interstate 270 and Olive Boulevard surrounded by the affluent suburban communities of west St. Louis County. The CityPlace 6 income stream is anchored by a RockTenn lease that covers 60 percent of the rentable square feet of the property through December of 2021 with contractual rent growth. The building is 91 percent leased.
The HFF investment sales team representing the seller is led by senior managing directors Jaime Fink and Jeff Bramson and directors Mark Katz and Daniel Kaufman.
“CityPlace 6 offers an investor an attractive and stable yield for the next 8.5 years through RockTenn’s investment grade credit anchor lease along with contractual rent growth,” said Fink.
