Harbour Group Inks 24 KSF Office Lease in St. Louis
- Sep 05, 2018
KBS Realty Advisors has signed Harbour Group to a 24,000-square-foot lease at Pierre Laclede Center, a two-building, Class A office complex in Clayton, Mo.
The space is part of the KBS Real Estate Investment Trust II investment portfolio.
“Pierre Laclede Center has proven to be an optimal location for tenants like Harbour Group,” Dan Park, KBS’ senior vice president & asset manager for the property, said in a prepared statement. “Harbour Group has been a tenant in the Pierre Laclede Center for over 30 years, and we’re pleased to continue our relationship with them.”
In January, KBS REIT II signed two leases totaling 62,729 square feet at the Pierre Laclede Center. The Saint Louis Club, an existing tenant, renewed its lease and will continue to operate its private business and dining club across 47,572 square feet on the top three floors in the smaller of the two buildings. KBS also signed a lease with the St. Louis Economic Development Partnership, which will now occupy 15,190 square feet of office space within the larger of the two buildings.
Situated on 5.1 acres, PLC I and PLC II represent 579,846 square feet of rentable space. The smaller of the two buildings, PLC I offers 217,957 square feet on 16 floors. The larger, 24-story PLC II features 361,889 square feet of space.
Amenities at the properties located at 7701 and 7733 Forsyth Blvd. include a fitness center, a conference center, a cafeteria and garage parking. There’s also a car wash on-site.
Originally constructed in 1964 and 1970, the two buildings were renovated extensively in 2014. KBS acquired the complex from Equus Capital Partners in early 2010 for $74.3 million, according to Yardi Matrix. The tenant roster also includes Northwestern Mutual, Morgan Stanley, the Consulate of Sweden and St. Louis Title.
The Pierre Laclede Center is located in a rising area, resting on the corner of Hanley Road and Forsyth Boulevard. Building tenants have strong access to the Inner Belt Expressway and Forest Park Parkway. Public transportation is also nearby.
KBS Realty Advisors and its affiliated companies have a portfolio of more than $38 billion via 16 separate accounts, six commingled funds, five sovereign wealth funds and eight REITs.
Image courtesy of Yardi Matrix