HFF Secures Acquisition Financing for Mixed-Use Hotel, Office and Outparcel Asset Near St. Louis, Missouri

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. March 15, 2017

CHICAGO, IL. March 15, 2017 - Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged financing for the acquisition of Le Chateau and the Hilton St. Louis Frontenac, a mixed-use hotel, office and outparcel asset totaling 325,000 square feet in the St. Louis-area community of Frontenac, Missouri.

HFF worked on behalf of the borrower, Bucksbaum Retail Properties, to place the four-year, fixed-rate loan with Ladder Capital.

The 92.2-percent-leased asset comprises the 263-room Hilton St. Louis Frontenac, the Le Chateau 80,000-square-foot office building, a 7,132-square-foot Triad Bank outparcel lease and two Wells Fargo ground leases that total 60,078 square feet. The Hilton St. Louis Frontenac features 25,000 square feet of flexible meeting space, a state-of-the-art fitness center, seasonal outdoor pool, 24/7 business center and full-service restaurant located at 1335 South Lindbergh Boulevard. Completed in 1974, the hotel has undergone renovations throughout the years. The most recent renovations between 2012 and 2016 included enhancements and upgrades to the common areas and guest rooms. Le Chateau, which is famous for its open-cage elevator with intricate metal work, contains offices, retail space, a health club, restaurant, catering company and beauty salons. Located at 10403 Clayton Road, the building's French village-style atmosphere is aided by 100-year-old bricks recovered from an abandoned local brewery that are part of the building's exterior and a grand, open-air atrium detailed with railing made from genuine, hand-wrought Belgium iron. The Wells Fargo ground leases consist of 10401 and 10369 Clayton Road.

The property is situated on a total of 16.5 acres bound by Interstate 64, South Lindbergh Boulevard and Clayton Road in Frontenac, approximately 10 miles from both downtown St. Louis and Lambert - St. Louis International Airport. The property is also immediately adjacent to Plaza Frontenac, a luxury shopping center anchored by Saks Fifth Avenue and Neiman Marcus.

The HFF debt placement team representing the borrower was led by managing director Danny Kaufman and director Jeff Bucaro.

“We were thrilled to work with the team at Bucksbaum Retail Properties to secure this financing,” Kaufman said. “Le Chateau is a landmark asset in St. Louis. It will clearly continue to thrive and transform under Bucksbaum's leadership.”

“The lending team at Ladder Capital performed flawlessly and really stepped up to support the acquisition process,” Bucaro added.

About Bucksbaum Retail Properties

Bucksbaum Retail Properties is a fully integrated owner and developer of retail real estate. In addition to suburban malls and urban oriented retail developments, the company is incorporating office, residential and hospitality uses into its projects. The firm is actively involved in understanding the relationship between a high-quality of life and the built environment. Bucksbaum Retail Properties is adapting and reusing existing real estate. Visit bucksbaumrp.com for more information.

About HFF

Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.