Firm buys Metro East industrial park for $23M

By Gloria Lloyd - Reporter, St. Louis Business Journal

A commercial real estate firm has acquired an industrial park in Metro East for more than $20 million.

The Eastport Tech Center at 1601, 1605, 1607 and 1609 Eastport Plaza Drive in Collinsville was purchased by Maryland Heights-based Bamboo Equity Partners in a $23 million deal that closed Oct. 31, according to the company and Madison County sales records.

The entity that sold the property is tied to Ramsey Maune, president of Maune Development Co. of Brentwood, which was the original developer of the property. The firm had purchased the property in 2006 for $364,000, according to data from analytics firm Reonomy.