1859 Bowles Drive, Fenton, MO
Office
65,320 square ft.
Project Overview
Bamboo Equity Partners™ revitalized leasing activity and achieved optimal occupancy through our close collaboration with our trusted design and construction partners. From this, we developed a cohesive strategy focused on transforming the common areas into more contemporary spaces and enhancing the vibrance of the exterior.
CAPITAL IMPROVEMENTS
- Common area modernization
- Landscaping refreshments
- Tenant footprint expansion
THE CHALLENGE
The underperformance of this asset in a strong Fenton office market immediately attracted Bamboo Equity Partner's™ attention. The property necessitated modern redevelopment and the fulfillment of occupancy to unlock its potential for delivering desirable returns.
We demonstrated our expert market knowledge, strong tenant acquisition capabilities, and renovation expertise, which bolstered our confidence to pursue this investment opportunity. Our strategic investment rationale sets us apart from other cautious investors, further reinforcing our pursuit of this venture.
66.7%
Occupancy at Acquisition
91%
Occupancy at Disposition
Solution
Bringing New Life To The Property
Bamboo Equity Partners™ recognized the inherent value-add potential of this office property, which emboldened them to pursue the investment opportunity. Our full-service redevelopment and tenant-seeking efforts secured our investors an excellent IRR of 25.2% and a 2.95x equity multiple for their trust in our capabilities.
