Category Archives: News

Former Comfort Shoe Building Returns to It's Flooring Roots for $1.3 Million

Des Peres, Missouri – October 3, 2017 –Hilliker Corporation recently sold the Comfort Shoe building off Route 141 and Manchester Road for $1.3 Million.

Will Aschinger with Hilliker Corporation represented the seller in the real estate transaction, while JLL represented the buyer.

The new proposed use for the retail building is global flooring business, Advance Carpet One.

The 9,516 sq. ft. retail building was originally built in 1968 as a hot tub supply store. It was then turned over to Stephens Flooring for over 15 years before it became the most recent occupant – Comfort Shoe Specialist.

Years later, the building will now return to its flooring business roots.

The retail building is located at 11693 Manchester Road, St. Louis, MO, 63131.

Hilliker Corporation was founded in 1985 and is St. Louis’s largest independently owned commercial real estate company. The firm has completed more than 10,000 transactions to date for industrial, office, retail and institutional clients. Hilliker Corporation is located at 1401 S. Brentwood Blvd, St. Louis, Missouri.

Hilliker Sells $7 Million+ of Warehouse Buildings

Hilliker Corporation sold two warehouse properties for over $7 million within 8 months.
In January, Hal Ball and Chris Taff of Hilliker Corporation listed two surplus Lineage Logistics properties for sale on Planned Industrial Drive in North St. Louis. Both properties have since been sold.

Italian plastic manufacturer, Serioplast, closed on the purchase of a 132,000 Sq. Ft. warehouse building in April 2017, located on 4400 Planned Industrial Drive. Serioplast was also represented by Ball and Taff.

Service Metals, Inc, a distributor of industrial valves and fittings, closed on 4300 Planned Industrial Drive in July to expand their St. Louis operations.

St. Louis Red Cross Disaster Operations, who has leased 90,000 Sq. ft. in the 4300 property for almost ten years, will be moving to Hazelwood.

Both properties sold in the $24 per square foot range. The warehouses totaling 300,000 Sq. Ft. were built in the 1990’s by Madison Warehouses to service local manufacturers.

Hilliker Corporation, which targets regional and national entrepreneurs, is St. Louis’ largest independently owned commercial real estate company located at 1401 S. Brentwood Blvd. The firm’s agents, who each average over 15 years of experience, have completed more than 10,000 commercial transactions for industrial, office, retail and institutional clients since its inception in 1985.

For more information, please contact Hilliker Corporation at (314) 781-0001 or visit http://www.hillikercorp.com.

 

Hilliker Sells New HQ Space to Children’s Charity

Hilliker Corporation sold a 33,000+ sq. ft. office/warehouse building to a local charity that provides for city school children.

The office/warehouse was sold for $1,495,000.00 to serve as the new headquarters for The Little Bit Foundation.

The Little Bit Foundation is a St. Louis-based nonprofit organization with a mission to advocate and provide basic needs for children living in poverty. Prior to being the charity center for underprivileged children, the property was occupied by a commercial construction company who will remain in part of the building.

Hal Ball and Brennan Gaffney with Hilliker Corporation represented the seller, Kraska Enterprises, in the sale transaction. Bahn Realty represented the buyer.

The building is located in 516 Hanley Industrial Court, St. Louis, Missouri.
Hilliker Corporation, which targets regional and national entrepreneurs, is St. Louis’ largest independently owned commercial real estate company located at 1401 S. Brentwood Blvd.

The firm’s agents, who each average over 15 years of experience, have completed more than 10,000 commercial transactions for industrial, office, retail and institutional clients since its inception in 1985.

For more information, please contact Hilliker Corporation at (314) 781-0001 or visit http://www.hillikercorp.com.

 

Hilliker Corporation Sells City Building to Italian Manufacturer

Saint Louis, Missouri – June 1, 2017 –Italian plastic manufacturer, Serioplast, closed on the purchase of a 132,000 Sq. Ft. warehouse building in North St. Louis City 70 in April 2017.

Serioplast plans to convert the building to a plastic bottle manufacturing plant to supply local consumer products industries. “This twenty-year old property has high ceilings and rail access and was a great match for their conversion,” said Chris Taff with Hilliker Corporation. Taff represented both the buyer, Serioplast, and the seller, Lineage Warehousing, in the transaction.

Serioplast has twenty plants across Europe, Africa, and Asia. The St. Louis plant will be their first location in North America.

Serioplast plans to start production in the first quarter of 2018.

“Along with the strong leasing activity we have had at our nearby Union 70 listing, this will be another great shot in the arm for the North St. Louis City economy,” said Hal Ball, principal of Hilliker Corporation who assisted Taff with the deal.

The industrial building is located on 4400 Planned Industrial Drive, St. Louis, Missouri, near Goodfellow and Interstate-70.

Hilliker Corporation, which targets regional and national entrepreneurs, is St. Louis’ largest independently owned commercial real estate company located at 1401 S. Brentwood Blvd.  The firm’s agents, who each average over 15 years of experience, have completed more than 10,000 commercial transactions for industrial, office, retail and institutional clients since its inception in 1985.

 

http://www.bizjournals.com/stlouis/news/2017/06/13/italian-manufacturer-to-open-first-u-s-facility-in.html?ana=e_du_prem&s=article_du&ed=2017-06-13&u=11157102024f9a9a3dd18aa69a458a&t=1497471961&j=78375231

The Time for Multi-Tenant Investments is Now

Fenton, Missouri – June 6, 2017 – A 32,500 Sq. Ft. office/warehouse was recently sold in less than five months by Hilliker Corporation, indicating a strong industrial real estate market.

The property was sold for $1,700,000.00. The building was 80% occupied at the time of the sale.

This was an investment sale of a multi-tenant, office/warehouse building which contains ten bays. The near-immediate turnaround time shows the current high demand in the investment real estate market.

The 33 year-old office/warehouse building is located at 255-273 Wolfner Drive, Fenton, Missouri near Interstate-44.

Scott Martin of Hilliker Corporation represented the seller, Future 44 Company, LLC , and The Johnson Group represented the buyer, E. B. Holdings, LLC.

Hilliker Corporation has been highly successful in representing other clients on multi-tenant investment sales.

Hilliker Corporation was founded in 1985 and is St. Louis’s largest independently owned commercial real estate company. The firm has completed more than 10,000 transactions to date for industrial, office, retail and institutional clients. Hilliker Corporation is located at 1401 S. Brentwood Blvd, St. Louis, Missouri.

Hilliker Corp. Brokers $1.7M Sale of Industrial Building in Fenton, Missouri

http://www.bizjournals.com/stlouis/news/2017/06/14/fenton-warehouse-sold-to-real-estate-investor.html?ana=e_du_prem&s=article_du&ed=2017-06-14&u=11157102024f9a9a3dd18aa69a458a&t=1497471608&j=78382551

Apostles Church Buys 108-Year-Old Church for New Home

St. Louis’ Hilliker Corporation represents both Buyer and Seller with sale

4515 Evans Ave. is the home of the new Apostles Church in St. Louis, Mo.
ST. LOUIS – March 2, 2017 – PRLog — Hilliker Corporation, a locally owned and managed commercial real estate company in St. Louis, Mo., recently assisted a local church purchase a historic church.

Apostles Church bought the Visitation-St. Ann Shrine Church located at 4515 Evans Ave. According to Apostles Church pastor Todd Gentman, his church will make approximately $30,000 in renovations that include replacing floors and updating classrooms. Prior to moving into the church, Apostles Church was leasing space at 5574 Delmar Blvd.

The 25,000-square-foot church, which was built in 1909, was designed by nationally recognized architect and painter Thomas P. Barnett. The church is constructed of red brick and Bedford limestone in the Tudor Gothic style.

Founded in 2015, Apostles Church is a diverse community that works toward equity for its neighbors on the north side of Delmar. It is a people of God, called out of the division in the city to be ministers of reconciliation.

Hilliker Corporation agent Hal Ball and Linda Wash of Linda Wash Real Estate represented the seller, St. Louis Archdiocese. Hilliker Corporation agent Peter Newton represented the buyer, Apostles Church.

Hilliker Corporation, which targets regional and national entrepreneurs, is St. Louis’ largest locally owned independent commercial real estate company located at 1401 S. Brentwood Blvd. The firm’s agents, who each average over 15 years of experience, have completed more than 10,000 sales and leases for industrial, office, retail and institutional clients since its inception in 1985. For more information, contact Peter Newton at (314) 781-0001 or visit their website at http://www.hillikercorp.com.

Bridgetown Trucking Moves to Union Seventy Center Business Park

Hilliker Corporation assists client with relocation from Chesterfield, Mo.

(St. Louis, Mo., Jan. 20, 2017) Hilliker Corporation, a St. Louis owned and managed commercial real estate company, recently helped its client move to one of St. Louis’ largest and most centrally located business parks.

Bridgetown Trucking, a logistics company headquartered in Portland, Ore., recently moved its St. Louis warehouse to 3901 Union Blvd. in the Union Seventy Center Business Park. The 22,000-square-foot leased space will serve as a warehouse and dispatch center for the company, which is moving from its 4,000-square-foot location at 620 Spirit of St. Louis Blvd. in Chesterfield, Mo.

Founded in 1999, Bridgetown Trucking focuses on air freight, flat bed and full truck loads, warehouse storage with pick and pack services, and order fulfillment. Their trucks cover more than 4,000 miles per day, and the company more than 100 employees with 12 located in St. Louis. According to Bridgetown Trucking president Dave Chalmers, the company wanted a warehouse closer to downtown and the airport to facilitate easier distribution. He added that, with the move and expanded facility, Bridgetown Trucking will be hiring more drivers.

The Union Seventy Center Business Park totals approximately 161 acres, and the main plant building has approximately 2.70 million square feet of finished space. The business park is located between downtown St. Louis and Lambert-St. Louis International Airport.

Hilliker Corporation’s agent Brendan O’Brien represented the tenant, Bridgetown Trucking, and the landlord, Union Seventy Center Business Park.

STL Today Article

RE ONLINE Article

Hilliker / Westwood Sells Local Investment Property

The Westwood Net Lease Advisors team of Vince Vatterott and Jason Simon in collaboration with Meade Summers of the Hilliker Corporation recently closed on a sale of the national corporate headquarters for Scrubs and Beyond in St. Louis, MO. Scrubs & Beyond opened its first store in September 2000 and is now the largest supplier of healthcare apparel and accessories in the country with over 140 stores nationwide. Hilliker Corporation and Westwood Net Lease advisors represented the seller in this transaction. The team first procured a lease extension with the tenant, and then sold the headquarters for a premium market price to a private local investor for $6.75M. Hilliker and Westwood represent buyers, sellers and investors of all sizes as the largest independent commercial real estate firm in St. Louis.

The company, located at 1401 S. Brentwood Blvd. is an affiliate of Hilliker Corporation, and was founded in 2002. For more information, call (314) 997-5227 or visit their website at http://www.westwoodnetlease.com.

Biz Space Article

Westwood Net Lease Advisors Close $92.6 Million Deal

Westwood Net Lease Advisors’ team of Vince Vatterott and Jason Simon just completed the largest 1031 exchange in its company’s history, resulting in their client’s acquisition of a $92.6 million new Dow Chemical Company headquarters building in Midland, Mich.

Westwood represented a prominent Northeastern based real estate investor seeking a large exchange as a result of a return to the lender of another property where the loan far exceeded the property’s current value. Unlike most Section 1031 exchange transactions, the tax liability the client sought to defer came not from gain but from the forgiveness of debt by the lender who took a deed in lieu of a foreclosure.

As a result of the unique exchange, the client was motivated to find a property that had the lowest required equity to complete a transaction of that size. “The key for this client was to fully understand exactly what was needed to successfully defer the $11 to $12 million tax liability without requiring significant additional cash,” said Vince Vatterott, the lead broker on the transaction. “We focused on what is known as ‘zero cash flow deals’ where the loan to value is much higher because all of the rental income goes to retire the loan.”

Vatterott presented the client with a zero cash flow transaction to acquire the new Dow Chemical headquarters building as part of the larger Dow campus. According to Vatterott, “the building was designed and built to Dow’s specific requirements, and they then agreed to lease the property for 25 years, with all of the rent, including annual increases, used to retire a loan in excess of $80 million. Wells Fargo served as the financial developer/owner/seller of the property with the ‘credit lease’ financing made by TiAA CREFF.”

Wells Fargo, the seller, was represented by David Clary of Stan Johnson Company. The client was able to assume the existing highly leveraged loan and only provided approximately $11 million in equity, which matched the tax liability that would have occurred but for the 1031 exchange transaction. Vatterott said, “While Westwood served as the client’s broker, found the property, negotiated the business terms and recommended the qualified intermediary (QI), IPX, the client was well supported by outstanding legal specialists on 1031 transactions and in completing this complicated transaction.”

“Westwood prides itself in going the extra mile for its clients, whether large or small, and making sure the deal is right for their specific needs and investment or tax planning goals,” said Vatterott. “Jason and I ran down every source and tested multiple portfolio opportunities before recommending this Dow HQ office building transaction.”

Westwood Net Lease Advisors, which links buyers and sellers in the triple net marketplace, specializes in 1031 tax deferred exchanges for investment properties. The company, located at 1401 S. Brentwood Blvd. and is an affiliate of Hilliker Corporation, was founded in 2002. For more information, call (314) 997-5227 or visit their website at http://www.westwoodnetlease.com (http://www.westwoodnetlease.com/).

simulated flyover

Quiet Village Landscaping Purchases New Headquarters

Hilliker Corporation represents seller of Overland property

(St. Louis, Mo., Jan. 12, 2017) Hilliker Corporation, a St. Louis owned and managed commercial real estate company, assisted its client in selling a building to a local landscaping company.

Quiet Village Landscaping recently purchased property at 9810 Page in Overland, Mo. for $545,000. The 4,000-square-foot office building, along with a 5,600-square-foot warehouse with a fenced in contractor yard, is situated on 1.8 acres. Quiet Village Landscaping is a full-service custom landscape design, installation and maintenance company. Founded in 2001 by Dennis Evans, the company has 40 full-time employees and focuses on native plants to promote conservation.

Quiet Village Landscaping currently leases space at 11135 Olive Blvd. and will move into its new headquarters by the end of February, 2017. According to Evans, the new office location “answers our need for more space for our landscape design team, as well as storage space for heavy machinery and lawn equipment.”

Hilliker Corporation’s agent Scott Martin represented the seller, E.R. Belt L.P. and Savoy Properties’ Brian Kelley represented the buyer, Current Investments LLC.

Hilliker Corporation, which targets regional and national entrepreneurs, is St. Louis’ largest locally owned independent commercial real estate company located at 1401 S. Brentwood Blvd. The firm’s agents, who each average over 15 years of experience, have completed more than 10,000 sales and leases for industrial, office, retail and institutional clients since its inception in 1985. For more information, contact Scott Martin at (314) 781-0001 or visit their website at http://www.hillikercorp.com.

St Louis Business Journal