HFF closes sale of 309-unit apartment community in suburban St. Louis, Missouri
CHICAGO, IL – April 24, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Residences at The Streets of St. Charles in the northwest St. Louis suburb of St. Charles, Missouri.
HFF marketed the property exclusively on behalf of the seller, Cullinan Properties, Ltd., and procured the buyer, Trilogy Real Estate Group.
Residences at The Streets of St. Charles is located at 1650 Beale Street within The Streets of St. Charles, a 1.5-million-square-foot development encompassing 26 acres immediately south of Interstate 70, which provides access to the greater St. Louis metropolitan area. The Streets of St. Charles is a distinctive mixed-use community with retail, dining, entertainment, hospitality, residential and office components. With a town center design that creates a neighborhood atmosphere, The Streets of St. Charles is unique in the market and includes all the latest amenities for sophisticated living, casual and elegant dining, retail, modern offices and entertainment. Completed in 2014, the five-story, Class A property overlooks the Missouri River and features studio, one- and two-bedroom units ranging from 559 to 1,287 square feet with high-end finishes, including wood-style flooring, stainless steel appliances, custom cabinetry, designer backsplashes, walk-in closets and in-unit washers and dryers. In addition to the dining, retail and entertainment amenities situated within the development, residents also have access to an infinity pool and hot tub, grilling area, fire pit, 24-hour fitness center, tanning bed, clubhouse, game room with billiards, business center, pet park, dog wash parlor and attached garage parking.
The HFF investment sales team representing the seller was led by managing directors Sean Fogarty and Marty O’Connell and associate director Wickliffe Kirby.
About Cullinan Properties, Ltd.
Cullinan Properties, Ltd., with offices in Chicago and Peoria, Illinois, and St. Louis, Missouri, is a multi-disciplined real estate firm that develops, manages and owns mixed-use, retail, residential, office, medical and governmental properties throughout the United States. For additional information on Cullinan Properties, Ltd., visit cullinanproperties.com.
About Trilogy Real Estate Group
Trilogy Real Estate Group (Trilogy) is a privately held real estate investment and property management firm with a focus on multifamily apartments and commercial real estate. Since 2002, the principals of Trilogy have successfully invested in real estate assets valued in excess of $1.5 billion. Trilogy has a proven expertise in sourcing and managing outstanding real estate investments in major markets around the United States. For more information, please visit trilogyreg.com.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Missouri licensed real estate broker.