JLL Capital Markets closes sale of pair of mulitfamily properties in St. Louis
JLL Capital Markets completed the sale of Cortona and Encore in Forest Park, two apartment buildings in St. Louis.
The two midsize properties total approximately 430,571 square feet and comprise 525 units. Located near one of St. Louis’ most sought-after areas, Forest Park, the accommodations offer a live, work-play lifestyle with access to top employers, entertainment, retail and dining.
Cortona in Forest Park was completed in 2014 and offers floor plans for studios, one and two bedrooms with a balcony, courtyard and exterior views. Communal facilities include a dog park and a courtyard with a three-tier pool with cabanas, tanning beds, and hot tubs, as well as an outdoor grill and bar area. and a clubhouse with a fitness center, coffee bar, pool table, shuffleboard, and business center.
Encore at Forest Park was completed in 2018 and consists of studio, one-, two- and three-bedroom units with similar balconies, courtyards and exterior views. Community amenities include a three-tier courtyard pool, cabanas, a bar and BBQ area, a dog park with a self-service pet spa, and a fitness center.
The JLL Capital Markets team representing the seller was led by Senior Director Kevin Girard and Executive Managing Director Matthew Lawton. In addition, Mike Donovan and Balke Brown Transwestern led the local team that brokered the sale of this transaction.