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