Office Redevelopment

Site Size

78, 252 SF

Address

425 N. New Ballas Road
Creve Coeur, MO 63141

Project Type

Office

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Project Summary

Collaborating closely with the City of Creve Coeur, local artist Grace McCammond, and our expert partners in design and construction, we created vibrant, collaborative interior spaces while bringing the new, bright aesthetic outside for the entire community to enjoy.

Capital Improvements

New roof and skylight system

New high-efficiency energy management system

Landscaping and exterior aesthetic upgrades

Transformational lobby redesign

Exterior Mural by Local Artist Grace McCammond

The Problem

When acquired by Bamboo Equity Partners in 2018, this office property on North New Ballas Road was outdated and thus overlooked by many occupiers in the market. At closing, occupancy stood at a stagnant 72%, and rents were well below what comparable assets were commanding. Despite its prime location along a bustling thoroughfare, the property’s outdated and unappealing aesthetics were a hindrance to its performance. These are just the type of investment Bamboo seeks to make. Where others saw a conventional office environment with little potential, we had a vision for its bright atrium lobby and workspaces.
425 N. New Ballas Road Creve Coeur, MO 63141

The Solution

Bringing new life to the property
With a goal of creating a premier office for younger
generations to thrive and work, as well as providing value
to our investors, we used a strategic, value-add approach
to elevate the look and feel of the space and attract new
tenants. Our strategic capital improvements elevated both
rents and occupancy dramatically over the four-year hold
period.

Before

After

72.3%

Occupancy at Acquisition

94.0%

Occupancy at Disposition