Hanley Portfolio | Brentwood, MO
290-292 Hanley Industrial Court | 1326-1336 Strassner Drive | 820-860 Hanley Industrial Court
Industrial
77,458 SF square ft.
Project Overview
Located in a high-demand, central industrial submarket, this portfolio presented a unique opportunity with strong fundamentals—solid infrastructure and below-market rents. Recognizing its potential, our team took on the project to unlock value by increasing rents to market rates, achieving full occupancy and positioning it as a stabilized, low-touch investment for resale.
The repositioning process unfolded with no significant challenges. Leasing velocity fell slightly short of initial projections, but rent increases exceeded expectations, ultimately driving performance beyond the initial proforma. The portfolio was successfully sold above initial projections, showcasing the success of strategic enhancements and market expertise of the bamboo team.
At A Glance
- 4.9 Acres
- 14.19% IRR
- 2.18x Equity Multiple
- 48 Months Held
- Brokerage: Intelica
- Architect: Oakline Studio
- Contractor: Oakline Construction Group
Property Enhancements
Our team delivered a full spectrum of services to transform multiple properties within the Hanley portfolio, focusing on exterior improvements and targeted tenant-ready upgrades. At Hanley 1, we executed tenant improvement (TI) work to customize spaces for new occupants. At Hanley 3, the scope of work included significant capital improvements, such as a new roof, skylights, and a complete façade update.
Additional enhancements involved updated signage, masonry restoration, exterior painting, and strategic white boxing to prepare vacant units for leasing opportunities. These upgrades not only revitalized the properties’ aesthetics but also enhanced their functionality and appeal, positioning them as prime leasing opportunities in the market.
