NAI DESCO recently arranged the sale of one of the largest senior-living communities in the St. Louis area, the Cedars of Town & Country, a 261,595-square-foot facility on 25.43 acres.
The property sold for $34 million on Feb. 1.
Carl Conceller of NAI DESCO represented the buyer, Lutheran Senior Services.
The Cedars of Town & Country contains 230 skilled-nursing beds, 22 residential care II beds and 54 assisted-living beds. Located in West St. Louis County in Chesterfield, Missouri, the facility has been renamed Mason Point.
© 2016 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 firstname.lastname@example.org