Multifamily
Investment Sales - Multifamily

Northmarq completes sale of 213-unit historic loft apartments in St. Louis

ST. LOUIS (Nov. 29, 2023) — Northmarq’s Midwest Investment Sales team of Dominic Martinez, Parker Stewart and Alex Malzone have completed the sale of The Lofts at 1 Thousand. The historic loft apartments are situated in the heart of St. Louis at 1000 Washington Avenue. Northmarq represented the seller, a Milwaukee-based private investor. The buyer was a St. Louis-based private investor. The urban loft-style multifamily property was built in 1889 and converted to apartments in 2003. Situated in the Washington Avenue Loft District, The Lofts at 1 Thousand boasts a central location with easy freeway access to the St. Louis suburbs, major healthcare employers and several universities. Residents enjoy on-site amenities such as a rooftop deck with panoramic views, outdoor lounge space and a rooftop dog park, in addition to great nightlife, dining and shopping. The pet-friendly property boasts a Walk Score of 96, just steps away from Busch Stadium, St. Louis Centre and Serra Sculpture Park. Apartment amenities include: Floor-to-ceiling windows, balcony, walk-in closets, in-unit washer/dryer, stainless steel appliances, granite countertops, original hardwood floors, exposed brick, 17-24 ft. ceilings and a kitchen island. Community amenities include: 24-hour fitness center, community room, bike storage, dual co-working pods, on-site personal storage, outdoor grilling stations, fire pits, on-site management and 24-hour emergency maintenance. View available multifamily properties here.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

The Lofts at 1 Thousand historic loft apartments in the heart of St. Louis at 1000 Washington Avenue
The Lofts at 1 Thousand
Sale