HFF Secures Acquisition Financing for St. Louis Mixed-Use Asset

The portfolio consists of the Hilton St. Louis Frontenac hotel, Le Chateau office building and three outparcels.
Hilton St. Louis Frontenac Hotel
Hilton St. Louis Frontenac Hotel

St. Louis—HFF recently arranged a financing loan for the acquisition of the Hilton St. Louis Frontenac and Le Chateau, a mixed-use hotel, office and outparcel asset located in the St. Louis-area community of Frontenac. The amount secured for the 325,000-square-foot asset remained undisclosed.

Managing Director Danny Kaufman and Director Jeff Bucaro led the debt team to place the four-year, fixed-rate loan through Ladder Capital on behalf of the borrower, Bucksbaum Retail Properties.

The 92.2 percent leased asset encompasses the 263-key Hilton St. Louis Frontenac hotel, Le Chateau, an 80,000-square-foot office building, a 7,132-square-foot Triad Bank outparcel lease and two Wells Fargo ground leases that total 60,078 square feet.

Located at 1335 S. Lindbergh Blvd., Hilton St. Louis Frontenac was originally completed in 1974 and underwent renovations between 2012 and 2016, including enhancements and updates to the common areas and guest rooms. The hotel features 25,000 square feet of flexible meeting space, a fitness center, seasonal outdoor pool, 24/7 business center and a full-service restaurant.

Le Chateau is situated at 10403 Clayton Road and was completed in 1983. The French village architecture is aided by 100-year-old bricks that are part of the building’s exterior. The two buildings that are occupied by Wells Fargo are located at 10401 and 10369 Clayton Road.

The portfolio is situated on an 16.5-acre site approximately 10 miles from both downtown St. Louis and Lambert – St. Louis International Airport. Plaza Frontenac, a luxury shopping center anchored by Saks Fifth Avenue and Neiman Marcus is also in close proximity to the properties.

Images courtesy of Hilton Hotels and Le Chateau