Northmarq’s Midwest Multifamily Investment Sales team of Dominic Martinez, Parker Stewart and Alex Malzone brokered the sale of The District apartments in a highly sought-after St. Louis submarket.
Built in 1953, the garden-style multifamily community features 428 units and is located at 633 N. McKnight Road.
Northmarq represented the seller, Freeman Webb. The buyer was a Colorado-based private investor.
The District is situated on 28 acres directly off Interstate 170. The multifamily property boasts an excellent location in one of St. Louis’ most sought-after and highly affluent submarkets, University City, with easy access to the city’s major employers and top destinations. Residents enjoy high-end restaurants, boutiques, Class A office space and multiple Fortune 500 companies less than 5 minutes away from the property in addition to a variety of community amenities.
