Dealmaker: Cushman & Wakefield Brokers $101M in Life Sciences, Medical Office Sales

Cushman & Wakefield, Chicago, closed life sciences and medical office property sales totaling $100.9 million in Missouri and Indiana.

In St. Louis suburb Creve Coure, Mo., Cushman represented Larson Capital Management, St. Louis, when it sold life sciences building EDGE@BRDG for $92 million. Harrison Street Real Estate Capital, Chicago, purchased the four-story building.

Completed in 2020 at 1001 N. Warson Road, EDGE@BRDG has office and lab space as well as a test kitchen, sterilization station and walk-in refrigeration units. The building is within a 600-acre district anchored by the Donald Danforth Plant Science Center. Food technology company Benson Hill Biosystems uses the 152,000-square-foot as its headquarters.

Cushman & Wakefield Senior Managing Director Michael Hanrahan, Managing Director Josh McGee and Executive Managing Director Josh King represented Larson Capital Management in the transaction.

In Indianapolis, Cushman sold North Meridian Professional Center for $8.9 million. Stablegate Investment Management, Atlanta, acquired the asset from Cantor Partners, Tampa, Fla.

North Meridian Professional Center contains three buildings located at 8801, 8802 and 8805 N. Meridian Street that total 72,300 square feet. The first two buildings were built in the 1980s; 8805 N. Meridian Street dates to 2002. The property is currently 80 percent leased.

Cushman Managing Directors Gino Lollio, Travis Ives and Jon Owens and Senior Associate Joshua Graham represented the seller.