St. Louis Business Journal features Hilliker Corporations Hal Bal and Patrick McKay’s new listing of the former home of the Legal Services of Eastern Missouri.
JAMES DREW | SLBJ / JULY 31, 2023
St. Louis (July 31, 2023) –Legal Services of Eastern Missouri has put its former headquarters campus in the Central West End up for sale, marketing it as a potential addition to the Cortex Innovation District.
LSEM, a regional nonprofit that provides civil legal assistance to low-income individuals and families, moved its offices in February from its longtime headquarters building at 4232 Forest Park Ave. , in downtown St. Louis.
The organization’s 38,800-square-foot former headquarters building, on the 1.3-acre site at 4214-4232 on Forest Park Avenue, has a lower level and three stories above grade. The site is being listed for $3.79 million, said Hal Ball, senior vice president and principal at Hilliker Corp., the broker for the sale. The campus also has a gated parking lot with about 80 spaces and is adjacent to the Aloft.
“We’re basing the price on the ground value because we think 99% of the buyers are probably going to scrape the building and put up something new in the Cortex (Innovation) District,” Ball said. The building also could be refurbished for multiple uses such as an additional laboratory building for Cortex, added Patrick McKay, vice president of sales for Hilliker.
About Hilliker Corporation
Hilliker Corporation is the largest independently owned commercial real estate company in St. Louis. As the Entrepreneur’s choice for commercial real estate services in the St. Louis region, Hilliker guides business owners through their needs at each stage of the business life cycle. Since 1985, Hilliker Corporation has brokered more than 10,000 transactions including sales and leases of industrial, office, institutional, retail and investment properties.