IRVINE AND SILICON VALLEY, Calif. – March 29, 2016 – Ten-X (formerly Auction.com), the nation’s leading online real estate marketplace, will offer 1010 Market St., in St. Louis for sale on its new Ten-X Commercial platform in an online event April 18-20. The Class A 347,399 square foot property has a prominent location in the heart of St. Louis’ central business district (CBD). Daniel O’Donnell and Eric Benvenuti of HFF are teaming with Ten-X to bring the asset to sale.
The 20-story 1010 Market St. includes ground-floor retail with tenant amenities including a gym, conference room, lounge, executive covered parking, landscaped courtyard, 24-hour security and concierge services, and on-site management. Ground-floor retail includes a lobby shop and two popular eateries. The building is located at the intersection of South 11th Street and Market Street, directly across from several city government offices. It also is within walking distance of St. Louis Ballpark Village, which includes Busch Stadium, home of the St. Louis Cardinals.
“We are excited to offer a property with the potential that 1010 Market St. has on the Ten-X Commercial platform, which provides investors easy access to numerous high-quality assets and investment opportunities,” said Ten-X Commercial Real Estate Division General Manager Gordon Smith. “This asset is in a growing downtown market with new multifamily units and retail coming online. And because of its size and product type, there is not another comparable investment in the St. Louis CBD, making 1010 Market St. a rare value-add opportunity.”
1010 Market St. was built in 1981 and currently is 31.5-percent occupied by 24 tenants. Along with it being in the center of the CBD, the asset is boosted by its presence in St. Louis in general, which has a diverse economy that includes a top regional medical hub, an up-and-coming technology hub, and a strong transportation and manufacturing base.
For more information, please click here or call 844-694-4976.
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Ten-X (formerly Auction.com) is the nation’s leading online real estate marketplace, having sold 200,000+ residential and commercial properties totaling more than $37 billion since 2007. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions entirely online. The company brings a breadth of quality assets to the market, attracting prospective buyers through world-class marketing and leveraging a scalable technology platform to conduct transactions in a transparent, efficient manner.
Ten-X empowers consumers, investors and real estate brokers around the world with unprecedented levels of flexibility, control and simplicity – and the convenience of transacting properties whenever and from wherever they are. As real estate continues to move online, Ten-X is uniquely positioned to be at the forefront of this dramatic behavioral shift.
Ten-X is headquartered in Irvine and Silicon Valley, Calif., and has offices in key markets nationwide. Investors in the company include Google Capital and Stone Point Capital. For more information, visit Ten-X.com.