1840-1856 Craig Park Court, Saint Louis, MO
Craig Park
Office
78,252 square ft.
Project Overview
Homogenous relationships with our resourceful partners in design and construction allowed Bamboo Equity Partners™ to implement an innovative approach to furnish up the property by adding creative interior improvements and a radiant exterior for a more aesthetically pleasing outside.
CAPITAL IMPROVEMENTS
- White boxing of all spaces
- Installation of new LED lights
- Exterior paint and landscape improvements
- Parking lot overlays
- Creative tenant finishes
THE CHALLENGE
While surveying undervalued properties in the Westport Area, Bamboo Equity Partners™ came across this dilapidated office property overlooked by many other investors in the market. At acquisition, occupancy stood at an underwhelming 44.1%, well below market averages in a prosperous office environment.
The antiquated finish of the property pushed away many other occupiers looking for high-end space. However, Bamboo’s forward-looking strategy enabled the identification of this property’s significant value-add potential in an excellent market near the Biotech belt with an innovative remodeling plan.
44.1%
Occupancy at Acquisition
100%
Occupancy at Disposition
Solution
Bringing New Life To The Property
With an image of capitalizing on this office’s location and executing creative redevelopment strategies, we strived to reward our investors with a thriving property that fosters workplace collaboration and vibrance. The capital improvements we introduced drove the property’s value up over 200% while completely occupying the building.
