U-Haul buys Globe Drug building

The downtown St. Louis building perhaps best known as the longtime home of Globe Drug is about to become a U-Haul center. Hilliker Corp., the commercial real estate firm that brokered the deal, said today that U-Haul Corp. has bought the two-building facility at 418 South Tucker Boulevard for $3.1 million. Built by shoe manufacturer […]

The downtown St. Louis building perhaps best known as the longtime home of Globe Drug is about to become a U-Haul center.

Hilliker Corp., the commercial real estate firm that brokered the deal, said today that U-Haul Corp. has bought the two-building facility at 418 South Tucker Boulevard for $3.1 million. Built by shoe manufacturer Endicott Johnson Co. in 1915 and 1923, the buildings have 272,000 square feet of space. One building has five floors, the other three. The structures are on the National Register of Historic Places.

Globe Drug, an independent pharmacy and general store, was founded in 1939.

The downtown St. Louis U-Haul will be the company’s 27th center in Missouri, Hilliker says. U-Haul will continue to operate the facility’s 100-car parking garage.

U-Haul plans to use the five-story building for storage and the three-story building as retail space to sell boxes and packaging, plus the handling of rental vehicles. The company hopes to occupy the building by late April.

Hilliker represented the seller, R & G Investment Co.—parent company of Globe Drug—and the buyer, Amerco Real Estate Co., the parent firm of U-Haul Corp.

See article at: http://www.stltoday.com/business/columns/building-blocks/u-haul-buys-globe-drug-building/article_15717774-7f12-5711-864a-8fa2d9e8f3f9.html