Joint venture buys St. Louis complex

Property comprises six facilities on 37 acres

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Investcorp, in partnership with Chicago-based Golub & Co., acquired the 703,158-square-foot Westport Plaza in St. Louis, Mo. The value of the transaction was approximately $60 million. Westport Plaza is a master-planned complex located at the intersection of Interstate 270 and Page Avenue. The property comprises four office buildings and two retail facilities on 37 acres of land. The property contains approximately 506,542 square feet of office space, 166,791 square feet of retail space and 32,825 square feet of storage space. Archon Group, an affiliate of The Goldman Sachs Group, was the seller. Golub & Company will provide property management services for the property and will share leasing responsibility with CB Richard Ellis, said Michael Newman, Golub's president and chief executive officer. Investcorp's New York-based team of real estate professionals focuses on high-quality existing commercial, hotel and residential properties. *** Send a Letter to the Editor fo...