Fountains at Carondelet | St. Louis, MO | Multifamily

CREXI and Jones Lang LaSalle (“JLL”) are pleased to offer the opportunity to acquire the fee-simple interest in an approximately 33% occupied (as of 5/25/2024) 260,000 SF multifamily property located in St. Louis, MO, known as Fountains at Carondelet (the “Property”). Constructed in 1971, the two-story, eleven-building property contains 328 units and is situated on a 9.97-acre site. The Property is located at the intersection of I-55 and Germania Ave and is less than a mile away from Carondelet Park.

Featuring the iconic Gateway Arch, the Property is located in St. Louis, MO, a prominent city home to approximately 300,000 residents and 7 Fortune 500 companies. Positioned 8 miles south of downtown, the Property is well-located along I-55, a major transportation artery in the mid-west. Additionally, the Property is situated in Carondelet, a historic neighborhood, and benefits from proximity to major employers, such as the River City Casino, Lemay Plant, and Riviana Foods.