Northmarq arranges sale of 315-unit garden-style multifamily community in St. Louis metro
Photo source: Banner Real Estate Group
MARYLAND HEIGHTS, Mo. — Northmarq’s St. Louis Investment Sales team, led by Dominic Martinez, Parker Stewart, Alex Malzone and Charlie McKee, successfully arranged the sale of Whisper Hollow Apartments, a 315-unit garden-style multifamily community located at 12430 Whisper Hollow Dr. in Maryland Heights, Missouri.
Northmarq represented the seller — Banner Real Estate Group — in the transaction. The buyer is Monarch Investment and Management Group.
“We were extremely pleased to collect 21 written offers, especially for 50-year-old product in St. Louis," Martinez said. "The competitive bidding process helped create for an extremely smooth transaction which is imperative given today's volatile market conditions."
Built in 1976 and renovated in 2018, Whisper Hollow sits on roughly 14.48 acres and features 13 three-story buildings. Floorplans include studio, one- and two-bedrooms. Apartments feature updated kitchens and bathrooms, stainless steel appliances, private entrances, hardwood-style floors, private patio or balcony, ceiling fans, energy-efficient doors and windows, and high-speed internet.
Community amenities include a king-size pool with sundeck, fitness center and dry sauna, business center with coffee bar, clubhouse and game room, fenced-in park, surface parking, professional maintenance and office staff, tennis and pickleball courts, and a sand volleyball court.
The property is adjacent to Quiet Hollow Park Fitness Court. It is situated in one of St. Louis’ most desired submarkets — Maryland Heights is consistently ranked as one of the best suburbs in Missouri.
It is in an A-rated neighborhood and school district, within a two-minute drive of Westport Plaza, within a few minutes’ drive to several of the MSA’s top employers, and it is located near direct access to both Interstate 270 and Missouri Route 364. It is roughly 20 miles from downtown St. Louis.
Meet our team
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past four years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
