Northmarq arranges sale of Westpark apartment complex in St. Louis, MO
ST. LOUIS (Sept. 24, 2024) — Northmarq’s St. Louis Multifamily Investment Sales team of Dominic Martinez, Parker Stewart, Charlie McKee and Alex Malzone successfully brokered the sale of Westpark Apartment & Townhomes. The 212-unit garden-style multifamily community was largely built between 1996 and 2006 – with a portion developed in 1969 – and is located at 11409 Tivoli Lane in Saint Louis. Northmarq facilitated the off-market transaction between the seller, a locally based private investor, and the buyer, a large, national owner/operator of multifamily properties.
“We are pleased to arrange the sale of this highly desirable asset located near Maryland Heights for the long-term owner. The new owner plans to capture the immediate upside by implementing their internally developed operational strategies while holding the asset for the long term,” said Martinez.
Westpark Apartment & Townhomes features one- to three-bedroom apartment and townhome floorplans ranging from 800 to more than 2,000 sq. ft. The property sits just minutes from the dynamic Westport Plaza, Worldwide Technology HQ, and many more demand drivers.
Apartment amenities include: High-speed internet access, dishwasher, private yard, fireplace and walk-in closets. Community amenities include: Pool, fitness center, playground and basketball court.
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
