Edwards Realty Company And Condor Partners Complete Purchase Of The Boulevard St. Louis Lifestyle Center
ORLAND PARK, Ill., January 12, 2017 / PRNewswire / – Edwards Realty Company and Condor Partners have entered into a joint venture partnership to complete the purchase of The Boulevard St. Louis, a 200,000-square-foot enclave of 5 acres of retail, luxury apartments and offices Richmond Heights across from the St. Louis Galleria. The sale covered the 4.8 acres south of the commercial development. Conditions of sale were not disclosed.
Edwards Realty Company is a privately held real estate investment and development firm based in Orland Park, Illinois and led by Edward Hassan, Founding partner and Ramzi Hassan |, Partner. Edwards Realty Company has over 25 years of experience in the management, development, and control of retail, residential, and mixed-use applications $ 65 million Commercial real estate portfolio. Sol Barket, earlier from St. Louisheads Condor Partners. Barket, as a founding partner of Condor and with his former company Centrum Properties, has developed many coast-to-coast retail and mixed-use projects, including the Creve Coeur Pavilion in St. Louis.
Since 2004 the boulevard has been known as the leading lifestyle development in the world St. Louis Metropolitan area and is home to Missouris First Crate and Barrel Store and Soft Surroundings’ first Missouri Location, Maggianos Little Italy and restaurants PF Chang’s China Bistro, Allegro at The Boulevard, 74 luxury residential apartments and a professional office complex.
“The acquisition of The Boulevard is part of our strategy to enhance and add value to a mixed-use destination that is considered the epicenter of the market,” said Ramzi Hassan, partner at Edwards Realty. “The Boulevard is a great brand with tremendous growth and development potential. We intend to implement strategies to realize this potential immediately.”
Edwards and Condor plan to advance phase two with an exciting mix of retail, restaurant, entertainment, office and residential uses that offer more to residents and visitors alike St. Louis A unique experience in which to live, shop, dine and play. Edwards Realty Company will oversee the management and operations of the property. Marketing and leasing responsibility for the second phase will be shared between Mid-America Asset Management Company, a Chicago Retail Real Estate Organization and Pace Properties. More announcements about The Boulevard will be made in the near future.
Boulevard St. Louis is in Richmond Heights, MO.
SOURCE Edwards Realty Company