Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.

Tuesday, September 2, 2014

BRES' Deal of the Week - Betallic Business Center

Aaron Mesmer, Brian Beggs, and Grant Reves of Block Real Estate Services, LLC (BRES)
Betallic Business Center
teamed up to complete the acquisition of an Industrial Park in Maryland Heights, Missouri.

Details of the Deal:

Location:  2326-2344 Grissom Drive, Maryland Heights, Missouri
Square Footage:  79,258 SF
Seller:  SH Grissom Investors, LLC (SHG)
Buyer:  A BRES sponsored investment group
Purchase Price:  $2,800,000.00

More Information:
Betallic Business Center consists of two buildings constructed in 1967 and 1979 located in the Westport Distribution submarket.  Betallic occupies 100% of the property and recently renewed its lease for several years in 2014.

For more information on commercial real estate investments contact:
Aaron Mesmer- Block Real Estate Services

Aaron Mesmer
Acquisition & Sales
Block Real Estate Services

1 comment:

  1. Well, market statics says that there is a small hike in office or commercial property trends this year. I reviewed this from real estate consulting firms dealing with sale & lease of commercial real estate as well as industrial properties in Florida