When Starwood Capital closes on its multi-market portfolio purchase from Duke Realty at the end of March it will be the largest suburban office transaction in St. Louis’ history. Starwood will replace Duke as the largest office landlord in the entire market. After allocating the transaction, the St. Louis portion is 2.1 million square feet with an estimated value of $375 million. The buildings are a mix of Class A & B product with single- and multi-tenant occupancies.

1. St. Louis
Chart of the week: February 16, 2015
Source: JLL Research, Real Capital Analytics
Starwood acquisition sets record
• When Starwood Capital closes on its multi-market portfolio purchase from Duke Realty at the end of
March it will be the largest suburban office transaction in St. Louis’ history. Starwood will replace Duke
as the largest office landlord in the entire market. After allocating the transaction, the St. Louis portion
is 2.1 million square feet with an estimated value of $375 million. The buildings are a mix of Class A &
B product with single- and multi-tenant occupancies.
• The $1.1 billion purchase totals 6.9 million square feet. The sale includes 62 office buildings in St.
Louis, Nashville, Raleigh, and South Florida.