February 2, 2016 (Madison, Wis,) – SARA Investment Real Estate, a full-service commercial real estate investment and brokerage company, has closed on the purchase of a Class A flex property on Chesterfield Airport Road in Chesterfield, Missouri.
The acquisition of the Chesterfield Exchange property, built in 2003, enhances SARA’s investment in the St. Louis market and illustrates the firm’s continuing growth, here and throughout the Midwest. The firm, which is headquartered in Madison, Wisconsin and has an office in St. Louis, entered the market in 2015 with the purchases of an office building in Winghaven in O’Fallon, Missouri and a warehouse/flex building in The Fenton Industrial Park in Fenton, Missouri.
“The Chesterfield Valley is a desirable location which continues to get better and this property has an excellent tenant mix,” said Jared Stinehagen, Vice President of Operations – Southern Region for SARA and based in St. Louis. “This is a tremendously valuable acquisition for our investors.”
The property, at 17877-17899 Chesterfield Airport Road, has 117,730 square feet of space and is fully occupied. Tenants include Dohmen Life Sciences, Aerospace Filtration Systems, Ferguson Enterprises, Inc., Henry Schein, Inc. and NEC Energy Solutions.
Stinehagen said the purchase emphasizes the firm’s growing presence in Missouri. “We are extremely pleased with this acquisition and continue to actively seek additional investment opportunities.”
About SARA Investment Real Estate
With offices in Madison, Milwaukee, Minneapolis and St. Louis, SARA Investment Real Estate attains, develops, leases, finances and manages high quality properties throughout the upper and lower Midwest. SARA builds successful partnerships with investors, tenants, financial partners, other developers and employees to complete and manage quality projects. The firm provides commercial real estate wealth management solutions to select investors through a network of wealth management partners. SARA, founded in 1997, manages properties valued at more than $230 million and growing.
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