Gateway Commercial|Cushman & Wakefield helps life insurance company sell 420,000-square-foot distribution center in St. Louis
St. Louis-based Gateway Commercial|Cushman & Wakefield recently represented The Lincoln National Life Insurance Company in the sale of North Broadway Distribution Center, a 420,000-square-foot modern bulk warehouse located in St. Louis.
The purchase price came in at more than $12.2 million, or $26.17 a square foot. The buyer, Exeter 6504 Prescott Avenue, purchased the building as a speculative investment.
© 2013 Real Estate Communications Group. Duplication or reproduction of this article not permitted without authorization from the Real Estate Publishing Group. For information on reprint or electronic pdf of this article contact Mark Menzies at 312-644-4610 or email@example.com