Bamboo Equity Partners and Intelica CRE close on purchase of $16.1 million O'Fallon office building

January 16, 2019

Bamboo Equity Partners has acquired an O'Fallon, Missouri, office building for $16.1 million marking one of the lo

 

cal firm's largest purchases to-date. On January 16th, Bamboo closed on 1 Progress Point Parkway, a 131,000 square foot Leed Certified Gold office building in St. Charles County.

 

At the time of acquisition, the building was 100% fully occupied with long-term leases in place. The space offers many amenities including abundant parking, modern finishings, large on-site cafe, fitness center, monument signage and immediate highway access.

 

Intelica brokered the sale for Bamboo - Joel Meyer, VP of Brokerage, will oversee the building's leasing and Intelica will handle the property management.

 

"We see a lot of potential with Progress hospital ... (and) all of the financial companies like Mastercard and Citi," Dokovic said. "Also it's a short drive from Chesterfield, and along with the population growth, it's definitely a very good hub for qualified employees.

 

For more details on this acquisition, view the St. Louis Business Journal's article here

Share on Facebook
Share on Twitter
Please reload

Featured Posts

Now Offering Free Rent to Support Small Businesses

May 11, 2020

1/2
Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
  • Facebook
  • LinkedIn
  • Instagram
  • YouTube

© 2020 by Bamboo Equity Partners