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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.

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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

Print Poets Leases 9,000-Square-Foot Warehouse

(St. Louis, Mo., Nov. 21, 2016) Hilliker Corporation, a St. Louis owned and managed commercial real estate company, recently assisted a new printing company find the perfect St. Louis location for its growing business.

Print Poets, the printing division for The Home T, recently leased 8228 Brentwood Industrial Dr. The 9,000-square-foot warehouse will allow the company to house its printing and fulfillment services under one roof. The site was the former home of ProRehab Physical, Sports and Occupational Therapy.

Founded in 2012 by owner Ryan Shell, The Home T is an apparel company headquartered in New York. Shell, who appeared on the television show “Shark Tank” in 2014, turned down three of the show’s investor offers in order to run The Home T on his own. The company, which is known for soft apparel that combines the word “home” with the border of a state, donates a minimum of 10% profits to Multiple Sclerosis research.

“In addition to having key personnel already living in St. Louis, it’s an all-around fantastic community,” said The Home T and Print Poets’ owner Ryan Shell. “We are proud for it to be the home for Print Poets and look forward to contributing to local economic development.” Shell added there will eventually be 10 to 15 people potentially working out of this facility.

Hilliker Corporation’s Brendan O’Brien represented the tenant, The Home T, and Bo Keefer represented the landlord and his company, Hutkin Development Company.

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 Brendan O’Brien at (314) 781-0001 or visit their website at http://www.hillikercorp.com.
St. Louis Business Journal

South City Resident to Create Development in His Own Community

Hilliker Corporation, a St. Louis owned and managed commercial real estate company, recently assisted its client buy a property to be developed in his own neighborhood.

Salviccio Properties’ owner and developer Matt Salviccio purchased a more than 14,000-square-foot two-story building at 4650 Hampton for $620,000. The South City resident plans to renovate the property for approximately $1 million to convert the building into 15 modern loft apartments. The site is the former home of American Eagle Credit Union.

The high-efficiency apartments, which will range in size from 650 to 800 square feet, will include a high-end kitchen with granite countertops and stainless steel appliances, a master bedroom and one-and-a-half baths. There will be a full loft roof top deck featuring an outdoor kitchen, exterior seating, fire pits, and an expansive view of downtown. The parking lot holds 44 cars, and rent will range from $750 to $950 per month per unit.

Hilliker Corporation’s agent Will Aschinger represented the buyer, SOHA Lofts, LLC and NAI DESCO’s agent Noel Fehr represented the seller, Anheuser-Busch Employee Credit Union.

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 Will Aschinger at (314) 781-0001.

St Louis University – NextSTL

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