425 N New Ballas Road, Creve Coeur, MO
Ballas Place
Office
78,252 square ft.
Project Overview
The property on N. New Ballas Road was an outdated and overlooked office space. With a goal of creating a premier office for younger generations to thrive and work, as well as providing value to our investors, Bamboo Equity Partners™ used a strategic, value-add approach to elevate the look and feel of the space and attract new tenants.
Collaborating closely with the City of Creve Coeur, local artist Grace McCammond, and our expert partners in design and construction, we created vibrant, collaborative interior spaces while bringing the new, bright aesthetic outside for the entire community to enjoy.
CAPITAL IMPROVEMENTS
- New roof and skylight system
- New high-efficiency energy management system
- Landscaping and exterior aesthetic upgrades
- Transformational lobby redesign
- Exterior mural by Local Artist Grace McCammond
THE CHALLENGE
Bamboo Equity Partners™ willingly embraced the challenge of acquiring this foreclosed asset with an occupancy rate of 0%, an opportunity that other investors in the market had overlooked. Despite the considerable improvements required by the building, it presented promising upside in a thriving submarket.
Despite its prime location along a bustling thoroughfare, the property’s outdated and unappealing aesthetics were a hindrance to its performance. These are just the type of investment Bamboo seeks to make. Where others saw a conventional office environment with little potential, we had a vision for its bright atrium lobby and workspaces.
72.3%
Occupancy at Acquisition
94%
Occupancy at Disposition
Solution
Bringing New Life To The Property
With a goal of creating a premier office for younger generations to thrive and work, as well as providing value to our investors, we used a strategic, value-add approach to elevate the look and feel of the space and attract new tenants. Our strategic capital improvements elevated both rents and occupancy dramatically over the four-year hold period.
