$77.5 Million Non-Performing Office Loan
US - Washington, DC
$77,500,000 | 306,859 sf
Jones Long LaSalle Americas, Inc. ("JLL") has been exclusively retained to present the unique opportunity to invest as a strategic partner and recapitalize the PwC Pennant Building (the "Property" or the "Offering"), the first new Class office construction in Downtown St. Louis in 30 years. Located on 6 Cardinal Way, directly adjacent to the St. Louis Cardinals' Busch Stadium, the eleven-story 122,546 sf building, anchored by PwC, is 87% leased with 7.1 years of weighted average lease term ("WALT"). The Cordish Companies strategically positioned the PwC Pennant Building in the heart of St. Louis's transformative mixed-use mega development Ballpark Village. The Property offers investors a rare opportunity to invest in a new construction, trophy class asset where businesses share a home with the beloved Cardinals.