CBRE Facilitates Sale of 316-Unit Multifamily Property in O’Fallon, Missouri
In a successful transaction, CBRE has arranged the sale of Avenue64, a premier multifamily property located in O’Fallon, Missouri. The buyer was Bonaventure Holding Company and the seller was Thompson Thrift.
The team at CBRE responsible for this deal included Hannah Ott, George Tikijian, Matt Bukhshtaber,Cam Benz,Claire Bullard and Ryan Stockamp who represented the seller. According to Ott,”Avenue64 is another prime example of Thompson Thrift’s expertise in developing Class A multifamily properties that are quickly leased up.” She also expressed excitement about working with Bonaventure Holding Company on their first acquisition in the multifamily sector.
Situated at 1000 Watermark Drive near Interstate 64 and Missouri 94 intersection,Avenue64 offers convenient access to Chesterfield Commons,the largest open-air retail center in America spanning over two million square feet. This newly built property features an array of one-,two- and three-bedroom floor plans designed for modern living.
CBRE Arranges Sale of Suburban St.Louis’ Newest Multifamily Community
