16650 Chesterfield Grove Rd
Chesterfield, MO 63005

Exceptional Location Strategically located along I-64, Chesterfield Grove sits in the heart of St. Louis’ dynamic West County submarket. West County is the largest office submarket in the metropolitan area containing 16.5 million square feet of suburban office product in St. Louis. Top Performing Submarket Chesterfield has consistently outperformed the entire West County market, absorbing 740,000 square feet over the last three years. Low Vacancy Class A vacancy in Chesterfield is currently 7.4% and it is projected to be approximately 5% by year end. New Construction Rental Rate Gap Construction costs continue to increase creating a gap of approximately 20% between current market rental rates and rental rates that are needed to support new construction, providing plenty of room for continued rental growth. Outstanding Visibility and Access The property has outstanding visibility from I-64/US 40, the major east-west interstate route in the metro area. Strong Credit Tenancy Approximately 83% of the property is leased to Brinkmann Constructors, one of the largest general contractors in St. Louis. The property serves as the corporate headquarters for Brinkmann which recently signed a long term lease. Long-Term Stable Cash Flows Brinkman Constructors (83% of the total building) has 9.5 years remaining on its lease and a ROFR on the remaining space in the building providing long term stable cash flows. Proximity to Abundant Amenities Directly west of Chesterfield Grove I lies over 3 million square feet of retail space, including the region’s two premier outlet shopping centers. The Chesterfield trade area exceeds $1 billion in retail sales each year and is home to 47,000 residents and over 2,000 businesses employing over 42,000 people. Restaurant, hotel, and entertainment options are abundant for Chesterfield Grove tenants as there are over 75 dining options and 10 hotels within a three mile radius, and St. Louis’s first Top Golf is currently being developed just north of the property.