The St. Louis Place office building at 200 North Broadway downtown has a new owner, an affiliate of CW Capital of Bethesda, Md.
A foreclosure sale on Friday netted only one bid: $13 million from 200 North Broadway Holdings LLC. CW Capital had operated as the special servicer in the foreclosure against Behringer Harvard, a real-estate investment trust based in Dallas.
St. Louis Place remains a major office building in downtown St. Louis. The 20-story red brick building, designed by the Peckham Guyton Albers & Viets (PGAV) architecture firm and completed in 1983, is distinctive for balconies set beneath a large overhang spanning the middle floors.
PGAV and Fleishman-Hillard, the international public relations firm, are the main tenants. David Hilton, a senior vice president at Cassidy Turley, a real estate broker and management firm, said today that St. Louis Place is about 85 percent occupied.
Tim Bryant covers real estate and construction for the Post-Dispatch. He blogs on Building Blocks. Follow the Business section on Twitter @postdispatchbiz.
