St. Louis, MO, October 02, 2015 --(PR.com
)-- Hilliker Corporation, a St. Louis owned and managed commercial real estate company, recently sold a property to a partnership which wants to expand its tenant’s equipment storage area.
Hall Street Properties I, which currently leases property to River-Roads Sales and Leasing, recently purchased the 45-year-old property at 8888 Hall St. for $1.1 million. A 36,000-square-foot building, which sits on 11.5 acres, will be demolished in order to accommodate the company’s growing need for a transportation equipment storage space. River-Roads Sales and Leasing is headquartered at 9010 Hall St., and the 8888 Hall St. building located next door will be turned into an equipment storage facility by the end of the year.
Founded in 1959, River-Roads Sales and Leasing carries a large selection of new and used semi trailers. The company also offers customized ground level on-site storage and office containers, as well as features a trailer repair shop.
Hilliker Corporation broker Patrick McKay represented the seller, Hall Street Investors, LLC and the buyer, Hall Street Properties I, LLC represented itself.
Hilliker Corporation, which targets regional and national entrepreneurs, is St. Louis’ largest locally owned independent commercial real estate company located at 1401 S. Brentwood Blvd. The firm’s agents, who each average over 15 years of experience, have completed more than 10,000 sales and leases for industrial, office, retail and institutional clients since its inception in 1985. For more information, contact Patrick McKay at (314) 781-0001.