ST. LOUIS – May 24, 2016 – Ten-X, the nation’s leading online real estate marketplace, announces the closing of 1010 Market Street, a Class A, 347,399-square-foot office tower that sold for $8 million on the Ten-X Commercial online platform. The HFF Loan and REO Sales Group teamed with Ten-X to bring the asset to sale. AKNO 1010 Market Street St Louis Missouri, LLC was the buyer, emerging with the highest bid during the April 18-20 live bid event.
“1010 Market Street generated significant interest on the proven Ten-X Commercial platform – there were seven active participants during the live bid event,” said Ten-X Commercial Real Estate Division General Manager Gordon Smith. “The Ten-X platform empowers investors across the world to confidently transact real estate online, providing unmatched access to high-quality commercial assets such as this.”
Built in 1981, the 20-story 1010 Market Street has a prominent location in the heart of St. Louis’ central business district. It features ground-floor retail including a lobby shop and two popular eateries. Tenant amenities include a gym, conference room, lounge, executive covered parking, landscaped courtyard, 24-hour security and concierge services, and on-site management.
1010 Market Street 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.
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HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national 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.
Ten-X is the nation’s leading online real estate marketplace and the parent to Ten-X Homes, Ten-X Commercial and Auction.com. To date, the company has sold 200,000+ residential and commercial properties totaling more than $37 billion. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions entirely online. 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.