Sevens Building sells in Missouri

1970s office asset renovated during last decade

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A limited liability company recently purchased a 24-story, class A office building just outside St. Louis, Mo., for an undisclosed price. NNN 2003 Value Fund LLC bought The Sevens Building, which includes approximately 197,000 square feet in the city of Clayton, from Sevens St. Louis LLC. Built in 1972, The Sevens Building was completely renovated between 1998 and 2000, and includes a 10-level, 875-space parking garage. At the time of sale, the building was 79 percent leased to 56 tenants, including Smith, Moore & Co., Grubb & Ellis/Gundaker Commercial Group, and Clockwork Home Service. ...