Tuesday, March 14, 2017

HFF secures acquisition financing for mixed-use hotel, office and outparcel asset near St. Louis, MO


Le Chateau, Frontenac, MO


 CHICAGO, IL, March 14, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged financing for the acquisition of Le Chateau and the Hilton St. Louis Frontenac, a mixed-use hotel, office and outparcel asset totaling 325,000 square feet in the St. Louis-area community of Frontenac, Missouri.

HFF worked on behalf of the borrower, Bucksbaum Retail Properties, to place the four-year, fixed-rate loan with Ladder Capital.  

Dan Kaufman
The 92.2-percent-leased asset comprises the 263-room Hilton St. Louis Frontenac, the Le Chateau 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. 

The Hilton St. Louis Frontenac features 25,000 square feet of flexible meeting space, a state-of-the-art fitness center, seasonal outdoor pool, 24/7 business center and full-service restaurant located at 1335 South Lindbergh Boulevard.

 Completed in 1974, the hotel has undergone renovations throughout the years.  The most recent renovations between 2012 and 2016 included enhancements and upgrades to the common areas and guest rooms.

 Le Chateau, which is famous for its open-cage elevator with intricate metal work, contains offices, retail space, a health club, restaurant, catering company and beauty salons.

  Located at 10403 Clayton Road, the building’s French village-style atmosphere is aided by 100-year-old bricks recovered from an abandoned local brewery that are part of the building’s exterior and a grand, open-air atrium detailed with railing made from genuine, hand-wrought Belgium iron. The Wells Fargo ground leases consist of 10401 and 10369 Clayton Road.

The property is situated on a total of 16.5 acres bound by Interstate 64, South Lindbergh Boulevard and Clayton Road in Frontenac, approximately 10 miles from both downtown St. Louis and Lambert – St. Louis International Airport.  The property is also immediately adjacent to Plaza Frontenac, a luxury shopping center anchored by Saks Fifth Avenue and Neiman Marcus. 


Jeff Bucaro
The HFF debt placement team representing the borrower was led by managing director Danny Kaufman and director Jeff Bucaro.

“We were thrilled to work with the team at Bucksbaum Retail Properties to secure this financing,” Kaufman said.  “Le Chateau is a landmark asset in St. Louis.  It will clearly continue to thrive and transform under Bucksbaum’s leadership.”

“The lending team at Ladder Capital performed flawlessly and really stepped up to support the acquisition process,” Bucaro added.

For a complete copy of the company’s news release, please contact:              

Kristen Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | cell 617.543.4873 | www.hfflp.com


No comments: