ST. LOUIS, November 28, 2018 – Cushman & Wakefield has arranged the $5.4 million sale of a five-building campus encompassing 263,700 square feet (SF) on 43 acres located at the northeast quadrant of I-70 and Missouri Highway 61 in Wentzville, MO.
Keith Schneider and Joe Schneider of Cushman & Wakefield represented the seller, The Century Complex Group, LLC, who previously acquired the vacant campus from CenturyLink. Florissant, MO-based Urshan College acquired the campus. The Century Complex Group, comprised of a small group of local investors, purchased the vacant campus speculatively in late 2017.
“We initially planned to create value through subdividing and upgrading the various buildings, offering them for sale or lease individually, but as it turned out, Urshan College learned of the opportunity and decided they needed the entire campus to meet their long-term growth plans,” said Keith Schneider, Cushman & Wakefield Senior Director. “We are thrilled to be a part of the project, and look forward to seeing the campus take on a new life.”
Urshan College, represented by Kevin McKeon with NAI Desco, has plans to make a significant investment in the campus, retrofitting the existing buildings for classrooms, gathering spaces and dormitories. Additionally, it will have excess land for future expansion.
“Urshan College is excited about the future campus and the growth opportunity it represents,” said Billy Babb, Chief Administrative Officer of United Pentecostal Church International.
Recognized as one of the most active brokerage teams in St. Charles County and The West Metro area of St. Louis, Keith Schneider and Joe Schneider specialize in office and industrial sales and leasing, land sales and development consulting and investment property sales. They also have extensive experience in business park development, providing in-depth expertise in land planning, site utility review, and financial and market analysis. Their proprietary knowledge of the market has been instrumental in guiding clients for over three decades.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.