Category Archives: Agency Leasing

Can Blockchain Technology Transform Supply Chains?

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Blockchain is a new technology that can help organizations connect to each other across platforms. It combines records into one digital system that everyone can view and add to at any time. While the financial services sector was the first to embrace blockchain, it’s now also gaining interest from the logistics industry… Read More

JLL’s David Branding Weighs in on Commercial Real Estate Scene in STL

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The St. Louis Business Journal recently tapped JLL’s executive vice president David Branding for his expertise and knowledge about the St. Louis commercial real estate market. David was one of four featured experts from the area who provided insight into today’s industrial market conditions and how the St. Louis region stacks up when it comes to… Read More

Favorable Startup Conditions Are Plentiful in St. Louis

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 Crunchbase News recently ranked St. Louis as the fourth best city in the Midwest for “entrepreneurs and investors.” While Chicago pulled away from the pack and led all five major categories, St. Louis finished in the top five in four of them. Some highlights have St. Louis startups taking in $579 million of funding since 2015. Our city… Read More

Back to School 2017

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It may seem like school just went out on recess, but summer is nearly over and families across the U.S. are gearing up for the back-to-school season. JLL’s Back-to-School Consumer Shopping Survey looks at how parents are budgeting for the season, where they buy clothing and supplies and the most important factors influencing… Read More

Vacancy rates in Clayton are at an all-time low while demand remains high for Class A office space. That combination leads JLL office expert David Biales to believe the timing is right for The Boulevard St. Louis, a premier mixed-use development that just announced a $100 million expansion that will include 100,000 square feet of Class A office space.

“The Boulevard has always been a premier location, but this expansion will solidify its position in the market as the premier destination for office and retail,” said Biales. “Its location off I-64 and I-170 provides easy highway access and premier visibility to a heavily populated area with traffic counts averaging around 130,000 cars per day.”

A Chicago-based joint venture that purchased The Boulevard last year recently retained JLL to market the rollout of the office portion for the project. The expansion will break ground early next year and open year end 2019. Owners say the advancement of the $100 million second phase includes an exciting mix of retail, residential, entertainment and class A office space to enhance the region’s premier mixed-use development located across from the Saint Louis Galleria.

“We’re extremely excited to be moving forward with this much anticipated second phase and to begin marketing it to the region,” said Sol Barket, a St. Louis native and founder of Condor Partners.  “The Boulevard is a great brand that appeals to many residents and visitors in the St. Louis region. This next phase will undoubtedly further enhance the development by offering more opportunities for people to live, work, play and dine.”

Office tenants will have access to ample free garage parking with direct sky bridge access to an office complex. Highly visible exterior signage will also be available to several tenants facing both Brentwood Boulevard and I-170.

The Boulevard opened in 2004 and includes a professional office complex and 74 luxury residential apartments. It is home to Missouri’s first Crate and Barrel store and Missouri’s first Soft Surroundings location, as well as restaurants Maggiano’s Little Italy, P.F.Chang’s China Bistro, and Allegro at The Boulevard.

Plans for Children’s Museum Announced for The Meadows at Lake St. Louis

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United Services for Children has partnered with the City of Lake Saint Louis and New York-based Cohen Equities to lay the groundwork for a possible new children’s museum at The Meadows of Lake St. Louis.

JLL Retail Expert Rick Spector, broker for The Meadows, confirms that Cohen Equities has offered to give United… Read More

Metropolitan Square Building Announces Plans for First Food Hall in Downtown St. Louis

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The Metropolitan Square Building will soon be home to The Eatery, the first food hall in downtown St. Louis. Owners of the office skyscraper plan to invest $2.5 million to renovate a former restaurant and common area space on the building’s ground floor into a new dining destination. Property manager JLL confirms that Arista… Read More

Decline in St. Louis Bank Branches Significantly Less Than National Average

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Customer needs and technology are changing the way banks utilize brick and mortar branches. The ability to deposit checks, transfer money, and pay others by computer or cell phone is lessening the need for in-person banking. The result is fewer and smaller branches.

Since 2010 the number of bank branches in JLL markets has fallen by 5.6 percent. The… Read More

What’s to Become of All That Empty Retail Space?

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ClosingMore than 300 department stores are closing this year, putting about 36 million square feet of vacant space back on the market, according to JLL’s latest retail report Empty to Alive: The Next Use for Department Store Space. Which begs the question, what will become of all that empty space. Well, it’s not all doom and gloom as… Read More