NAI DESCO is a full-service brokerage firm offering a wide range of services to institutional and individual owners of real estate as well as tenants and buyers. The firm focuses on corporate real estate services and brokerage of industrial, medical, office, retail and investment properties.  

"Acquiring Coldwell Banker Commercial's brokerage operation gives us more horsepower to grow and serve more customers in an increasingly competitive environment," said Mark Schnuck, president of NAI DESCO. "We are excited about the opportunities that come from combining two strong brokerage operations. Our team is as strong as any in the marketplace."  

Carl Conceller, a former principal and founding member of Coldwell Banker Commercial CRA LLC, will join NAI DESCO as a principal.  Additionally, seven other former Coldwell agents will relocate to NAI DESCO's Clayton headquarters at 8235 Forsyth bringing the team total to 32.   

“The combined force of NAI DESCO and Coldwell agents makes for a formidable organization with a vast array of skills and experience to draw upon,” said Conceller. “The real estate world is becoming increasingly complex to navigate.  We are in a stronger position now to assist our clients by delivering a full spectrum of services through the DESCO family of companies.”  

NAI DESCO, with a current inventory of 200 commercial properties, will significantly increase its offerings with the addition of approximately 100 former Coldwell listings. The properties include office, industrial, medical, retail and multi-family buildings for sale or lease throughout the St. Louis Metro, Eastern Missouri and Southern Illinois .  

Several prominent listings offered include the former Chrysler plant in Fenton, Northwest Plaza in St. Ann , the Merrill Lynch and Regions Bank Centres in Clayton and Corporate Center in Bridgeton .  

The new agents joining NAI DESCO can be reached at 314-994-4444 and include William Barnes, Nadine Boon, Noel Fehr, Stephen Gwinnup, Ken Kaller, Brenda Lowder, and Michael Wolken.   

The financial details of the acquisition were not disclosed.

West County Spine & Sport Medicine Leases Space in West Co.

Matt Hirsch and Barry Iken of NAI DESCO recently completed the lease of 1,766 square feet of medical office space at 555 N. New Ballas Rd in St. Louis, MO. The space was leased to West County Spine & Sport Medicine LLC. Hirsch and Iken represented the landlord, Plaza Members III, LLC.

John McDonald, Jr. has joined NAI DESCO as a Vice President. He will focus primarily on retail and investment real estate in St. Louis and the Midwest .  

McDonald comes to NAI DESCO with extensive commercial real estate experience. A St. Louis native, McDonald started his real estate career at Gundaker Commercial completing deals in many facets of real estate including office, industrial, retail, land, medical and investments. Throughout his career, McDonald has been involved in hundreds of transactions representing local and national landlords, buyers and tenants.  

“We are pleased to welcome a broker of John’s caliber to our Retail Services Group,” said Peter Sheahan, principal and head of the Retail Services Group. “His depth of experience and expertise make John a good fit for the company.”  

Some of McDonald’s past and present clients include Ameren UE, Denny’s, Fabick, Midwest Bank Centre, Medicine Shoppe, Michael Del Pietro Restaurant Group, PNC Bank, Sylvan Learning Centers , True Value, Wells Fargo, Wendy’s & many more.  

McDonald graduated from the University of Dayton with a Bachelor of Science degree in Political Science. He is an active member of the International Council of Shopping Centers (ICSC), the Urban Land Institute (ULI), the National Association of Realtors and the St. Louis Association of Realtors – Commercial Division. He is also pursuing the Certified Commercial Investment Member (CCIM) designation.

Josh Hibbits of NAI DESCO recently completed the lease of a 15,000 square foot retail building located at 13986 Manchester Rd in Ballwin, Mo. to Edwin Watts Golf Shop. Hibbits represented the landlord, TMJ, LLC, in the lease of the former Golf Discount Superstore building. This is the first St. Louis location for Edwin Watts Golf Shop.

Josh Hibbits and David Wittenauer, CCIM of NAI DESCO successfully represented Family Dollar, Inc. in the lease of 8,617 square feet of in-line retail space located at 1016 Broadway in Highland, Illinois. Family Dollar, who leased the space from Family Care Properties, LLC, anticipates a fourth quarter 2011 opening. 

Two Former Missouri Emissions Testing Facilities Sold

Andy Murphy, CCIM of NAI DESCO recently sold two former Missouri emissions testing facilities. The first building, located at 9587 Dielman Rock Island Dr in Olivette, Mo., was sold to C&H Real Estate, LLC, also represented by NAI DESCO. The second building, located at 3242 S. Kingshighway in St. Louis, was sold to Mid America Freight Handlers. Each building was 10,500 square feet in size.

MedNet Leases Space in University City, Mo.

David Gannon, Matthew Hirsch and Barry Iken of NAI DESCO recently assisted MedNet, Inc. in the lease of 5,065 square feet of office space at 8664 Olive in University City, Mo. MedNet, which specializes in medical billing, leased the space from Clayton Olive Joint Ventures.

CoStar Group, Inc. has named NAI DESCO as a 2010 Power Broker in the Top Sales Firm and Top Leasing Firm categories for the ninth consecutive year.  Peter Sheahan also received an individual 2010 Power Broker award based on his volume of retail property transactions.

Awarded to top brokerage firms and dealmakers in 62 markets across the country, the 2010 Power Brokers are a distinguished group of firms and brokers who conducted billions in leasing and sales transactions last year. Only a small percentage of all brokers and firms that were eligible for this highly coveted award were selected.

Read more about CoStar and this award here.

David Wittenauer, CCIM of NAI DESCO recently completed the lease of a 7,000 square foot retail building located at 5520 N. Illinois in Fairview Heights, Illinois to Lumber Liquidators. Wittenauer represented the landlord, Matchem Associates, LLC, in the lease of the former Advanced Auto Parts building.

Hawkeye Trucking Company Purchases Building in Fenton, Mo.

Andy Murphy, CCIM of NAI DESCO recently assisted in the purchase of a 31,700 square foot industrial building at 1099 Cassens Industrial Ct in Fenton, Mo. The building was purchased by Hawkeye Trucking Company for use by an affiliate company.

Paper Tube Company Subleases Space in Maryland Heights, Mo.

Kevin McKeon, CCIM of NAI DESCO recently assisted Miami Valley Paper Tube Company in the sublease of 29,962 square feet of industrial space at 2303 Chaffee Dr in Maryland Heights, Mo. The company, which distributes products for the printing industry, subleased the space from Pomeroy IT Solutions Sales Company, represented by John Sheahan, Jr., SIOR also of NAI DESCO.

Gary Essman of NAI DESCO recently completed the lease of 11,638 square feet of retail space at Washington Square in Washington , Missouri to Petco Animal Supplies Stores Inc. Essman represented the landlord, Market Place Phase II Development, LC in the 10-year lease. The store is expected to open in June or July of this year and will occupy part of the former JC Penney space. The 111,500 square foot shopping center has only 8,000 square feet remaining.

Josh Hibbits of NAI DESCO successfully represented Family Dollar Stores of Missouri, Inc. in the lease of 8,583 square feet of in-line retail space at the Surrey Plaza , located at 2548-2576 N. Lindbergh in Florissant , MO. Family Dollar, who leased the space from Bridle Development Corp, anticipates a summer opening.

Matt Hirsch and Barry Iken of NAI DESCO successfully represented Premier Medical Specialist LLC, doing business as Des Peres Hospital, in the lease of 3,695 square feet of medical space in the on-campus building at 2325 Dougherty Ferry Rd in Des Peres, MO. The office, which was leased from Windrose St. Louis I Properties LLC, will house internal medicine specialists.

Barry Iken and Matt Hirsch of NAI DESCO successfully represented the landlord, Franco, Inc., in the lease of 1,400 square feet of retail space at Belleau Creek Plaza , located at 8091 Mexico Rd in St. Peters , MO. The space was leased to Mia Bella Salon which anticipates a summer opening.

Gary Essman of NAI DESCO successfully represented The White Hare, Inc in the lease of 7,300 square feet of retail space at 6119-6121 Mid Rivers Mall Drive, St. Peters, from 94 Crossing LLC. The White Hare sells home decor items and has relocated and expanded with this lease.

David Wittenauer, CCIM of NAI DESCO successfully represented Iola Quarry, Inc in the purchase of 100.73 acres of land on Keller Lane in Pontoon Beach IL, from Trustees of the Nochta Living Trust.

Matt Hirsch and Barry Iken of NAI DESCO successfully represented Kimberly LC in the lease of 585 square feet of office space at 2510 S. Brentwood Blvd #222, Brentwood, to Don O. Hackman & Robert E. Jurotich.

Floyd Sweeney, SIOR, MCR and Andy Murphy, CCIM of NAI DESCO successfully represented Hawthorne Investments, LLC in the lease of a 120,000-square-foot industrial building at 131 Byassee Drive in Hazelwood to Krupp Trucking. Krupp Trucking original occupied 60,000 square feet in the building, but were able to double in size to occupy the entire building.

Floyd Sweeney, SIOR, MCR of NAI DESCO successfully represented the Children’s Foundation of Mid America in their purchase of a new headquarters at 1212-20 N. Lindbergh Blvd in Creve Coeur. The 42,000-square-foot office building was purchased from Mosby-Year Book, Inc. The Children’s Foundation of Mid America is a non-for-profit that helps children and families who suffer abuse.

John Sheahan, SIOR and David Gannon of NAI DESCO successfully represented Chesterfield Valley Centre One in the investment sale of a 33,323-square-foot service center building at 732-756 Goddard Ave in Chesterfield . The multi-tenant building was sold to Gamma Enterprises, LLC.

David Wittenauer, CCIM of NAI DESCO successfully represented Commercial Real Estate Investors LP in their purchase of a 17,767 square-foot retail building at 1238 Central Park Dr in O’Fallon, Illinois . The building is an investment purchase from Octavia Investments LLC and is currently occupied by La-Z-Boy Furniture Galleries.

Tom Erman, SIOR and Andy Port , SIOR of NAI DESCO successfully represented Forsyth Centre Associates LLC in the lease of 4,564 square feet of retail space at 8235 Forsyth Blvd in Clayton to Great Southern Bank. The first floor space in the Merrill Lynch building was formerly occupied by Irwin Union Bank.

Josh Hibbits of NAI DESCO successfully represented Tantopia, Inc in the lease of 2,438 square feet of retail space at 471 NE Coronado Dr in Blue Springs , Missouri . The property owner is Coronado Partners II, LLC.

Matt Hirsch and Barry Iken of NAI DESCO successfully represented  Kimberly, LC in the lease of 2,274 square feet of office space at 2510 S. Brentwood Boulevard in Brentwood to Peak Pace Solutions, LLC.

David Wittenauer, CCIM of NAI DESCO successfully represented AEW Properties, LLC in the lease of 1,700 square feet of retail space at 883 N. Illinois Route 3 in Waterloo , Illinois to Papa John’s USA, Inc. The space will be used as a pizza restaurant.

John Sheahan Jr, SIOR and Terry O'Connell of NAI DESCO represented the landlord, Landmark Enterprises Ltd, in the lease of 4,000 square feet of industrial space at 12935 Gravois, Suite A, in St. Louis to the Flood Team. The Flood Team is a 24-hour water clean-up and drying service.

Kelly Burmester Salon Opens in Woodbine Center

Matt Hirsch and John Shuff of NAI DESCO represented the landlord, STNT, LLC, in the lease of 680 square feet of retail space at the Woodbine Center located at 630 W. Woodbine Rd in Kirkwood to Kelly Burmester Salon. The salon opened in December.
 

The office, led by Illinois native and real estate veteran David Wittenauer, CCIM, opened in April 2010 and is expanding to take on more agents and clients. The new office will provide a more central location in an emerging area.  

The new office address is 1177 N. Green Mount Road, Suite 201, O’Fallon IL 62269. All other contact information will remain the same. The office can be reached at 618-632-3060.

John Shuff and Peter Sheahan of NAI DESCO represented Tallbrooke Des Peres LLC, the owners of The Shoppes at Tallbrooke, in the lease of 3,915 square feet of retail space at 11676-11684 Manchester Road in Des Peres, Mo. The space was leased by Lulu Belle’s Inc., which sells fine fabrics and furnishings in addition to hand made gifts.  
 
STAG Capital Invests in O’Fallon, Mo. Warehouse

David Gannon of NAI DESCO successfully represented the seller, LK Drive, LLC, in the sale of a 77,000 square foot industrial building at 3801 Lloyd King Drive in O’Fallon, Missouri. The property was purchased by STAG GI Investment Holdings, LLC, a real estate investor group from Boston, MA represented by NAI Brannen Goddard. STAG, which stands for Single Tenant Acquisition Group, advertises themselves as buyers and managers of single-tenant, net leased industrial real estate assets across the US, ranging in price from $4 to $20 million. The tenant of the building, Herndon Products, will remain. 

Infertility Clinic Leases Space in Creve Coeur  

Matt Hirsch and Barry Iken of NAI DESCO successfully represented the landlord, Plaza Members III, LLC, in the lease of 7,000 square feet of medical office space at 555 N. New Ballas Rd in Creve Coeur, Mo. The space was leased to Sher Institute for Reproductive Medicine (SIRM), a network of nine infertility clinics located throughout the United States. Dr. Peter Ahlering and Dr. Barry Witten will practice at the Creve Coeur location.  

Chemical Dependency Center Expands in Hazelwood

Matt Hirsch and Barry Iken of NAI DESCO successfully represented the landlord, Healthcare Realty Trust, in the lease of 1,085 square feet of medical office space at 637 Dunn Rd in Hazelwood , Mo. The space was leased to Center for Life Solutions, a chemical dependency treatment center that already leases space in the building. Center for Life now occupies 9,306 total square feet.

David Wittenauer, CCIM of NAI DESCO successfully represented the landlord, AEW Properties, LLC, in the lease of 1,450 square foot of office space at 100 N. Main in Columbia, IL. The space was leased to Scientech, a business unit of Curtiss Wright Flow Control Company. Curtiss Wright is a designer and manufacturer of valves and electronics for the nuclear power, oil and defense industries.

Josh Hibbits has joined NAI DESCO as an associate broker with the Retail Services Group. He will focus primarily on tenant representation in St. Louis and the Midwest .  

Hibbits comes to NAI DESCO with extensive commercial real estate experience. A St. Louis native, Hibbits started his career at Colliers Turley Martin Tucker working in many facets of corporate real estate including portfolio analysis, property management, construction management and transaction management before entering brokerage. Hibbits then moved on to Grubb & Ellis | Gundaker Commercial where he has spent the last five years working on retail and investment brokerage. Throughout his career, Hibbits has been involved in hundreds of transactions representing landlords, owners and tenants, totaling more than $75,000,000 in volume.  

“We are pleased to have a broker with Josh’s depth of experience and expertise join our Retail Services Group,” said Peter Sheahan, principal and head of the Retail Services Group. “He is a dedicated and respected retail broker who will significantly add to the success of our entire organization.”

Some of Hibbits’ past and present clients include Family Dollar, Sprint Nextel, Doctor’s Express, Image Sun, Allstate, Burger King, Quizno’s Subs, USA Drug, Car Quest, Citi Financial, The Pita Pit, H&R Block, Edward Jones, Tropical Smoothie & many more.  

Hibbits graduated from the University of Missouri , Columbia with a Bachelor of Science degree in Business Administration with an emphasis on finance and banking. He is licensed in Missouri and Illinois and is an active member of the International Council of Shopping Centers (ICSC), the National Association of Realtors and the St. Louis Association of Realtors – Commercial Division. He is also pursuing the Certified Commercial Investment Member (CCIM) designation.

Hibbits can be reached at 314-994-2320 or by emailing jhibbits@naidesco.com.

NAI DESCO, one of the area’s leading commercial real estate firms, announced that David Wittenauer , CCIM has joined the company as a Vice President. Wittenauer will open NAI DESCO’s Metro East office and will work extensively in Southwestern Illinois providing retail, office, industrial, investment and land real estate services.  

With over 10 years of commercial real estate experience in Southwestern Illinois , Wittenauer brings a wealth of knowledge to the company and the growing Metro East area. Wittenauer, an active member of the community, lives and works in Illinois and serves on the Monroe County Economic Development Board of Directors.  

“We are excited to increase our presence in Southwestern Illinois and have an experienced broker like Dave join us in this venture,” said Mark Schnuck, President.  

NAI DESCO is one of the fastest growing commercial real estate companies in the area. The firm currently has 18 brokers. Six of the 18 brokers have joined in the past 18 months.  

NAI DESCO’s affiliation with NAI Global, a worldwide network of 375 real estate offices, will provide Wittenauer and his clients with a wide variety of marketing,  networking, and research services. Some of the clients Wittenauer has worked with in the past include Wal-Mart, Arby’s, Dollar Tree, O’Reilly Auto Parts, Pizza Hut, Taco Bell, CVS and Motomart.  

Wittenauer will be joined in the Metro East office by his assistant, Darcy Fausz. They can be reached at 618-632-3060 or by emailing dwittenauer@naidesco.com.

CoStar Group, Inc. has named NAI DESCO as a 2009 Power Broker in the Top Brokerage Firm category for the eighth consecutive year.  Two NAI DESCO brokers, David Branding and Dan Hayes, also received individual 2009 Power Broker awards based on their volume of commercial property sale or leasing transactions.

Awarded to top brokerage firms and dealmakers in 62 markets across the country, the 2009 Power Brokers are a distinguished group of firms and brokers who conducted billions in leasing and sales transactions last year. Only a small percentage of all brokers and firms that were eligible for this highly coveted award were selected.

Read more about CoStar and this award here.

NAI DESCO, based in Clayton, Mo., has been selected by Old Carco, LLC (formerly Chrysler) to serve as the real estate broker for the sale of Chrysler’s North and South Assembly Plants in Fenton, Mo. (St. Louis County). 

Vice President Floyd Sweeney, SIOR, MCR and Principal Dan Hayes are the listing agents for the property, which is also referred to as Fenton 44 Center.

Located off I-44 near I-270, the two plants are on 295 acres and contain five million square feet under roof making this the largest commercial property listing in the St. Louis metropolitan area and one of the largest in the central United States. 

“This is the biggest asset ever listed for sale in the St. Louis metro area,” said Hayes. “Our substantial industrial experience and organizational structure made NAI DESCO the logical choice for an assignment of this size.”

Although the commercial real estate market is contending with the current recession, the listing agents are optimistic the property will sell quickly and for a strong price.

“The best case scenario would be for another manufacturer to purchase the property and use the assembly facilities. Absent that, however, we have a very large, well situated site with tremendous exposure and access – the redevelopment possibilities are endless for Fenton 44 Center,” said Sweeney. 

“The property’s location and size make it extremely attractive for the right buyer,” said Denny Coleman, St. Louis County Economic Council president and CEO. “Additionally, there may be a number of local and state incentives that could be utilized, and we’re prepared to implement appropriate action for the right company looking to invest and create good-paying jobs in Fenton.”

The North Plant, which produced Dodge Ram trucks, was idled in July 2009 following Chrysler’s bankruptcy filing. The South Plant, which produced Dodge & Chrysler minivans, was idled in November 2008. At the time of bankruptcy, the two plants employed 1,500 people, a significant decrease from its heyday of 5,000 employees.

NAI Global today named David Branding to the NAI Global Elite, a group comprised of the organization’s top performers and top producers. David qualified as a Top Performer based on production in 2009.

NAI Global also recognized Floyd Sweeney, SIOR, MCR as a NAI Global Elite. This marks the sixth consecutive year Floyd has qualified for the NAI Global Elite, making him a member of  the Hall of Fame, an honor recognizing individuals with at least five years as a Top Producer or Top Performer.

NAI Global is the world’s premier network of commercial real estate firms and one of the largest real estate service providers worldwide. Based in Princeton, New Jersey, NAI Global manages a network of 5,000 professionals and 325 offices in 55 countries. NAI professionals complete over $45 billion in transactions annually. 

Congratulate David at 314 994 4948 or by clicking here.

Congratulate Floyd at 314 994 4445 or by clicking here.

NAI Global today named Tom Erman, SIOR to the NAI Global Elite, a group comprised of the organization’s top performers and top producers. Erman qualified as a Top Performer based on production in 2008.

NAI Global also recognized Floyd Sweeney, SIOR, MCR as a NAI Global Elite. Sweeney qualified for the Hall of Fame in 2008, an honor recognizing individuals with at least five years as a Top Producer or Top Performer.

NAI Global is the world’s premier network of commercial real estate firms and one of the largest real estate service providers worldwide. Based in Princeton , New Jersey , NAI Global manages a network of 5,000 professionals and 325 offices in 55 countries. NAI professionals complete over $45 billion in transactions annually. 

Congratulate Tom at 314 994 4292 or by clicking here.

Congratulate Floyd at 314 994 4445 or by clicking here.

While other companies are downsizing, NAI DESCO is expanding. The last quarter has seen new additions to the staff of the St. Louis based commercial real estate company.

Mark Schnuck, President of NAI DESCO, says the new additions provide a valuable role for the company. “With the new brokers, we are able to better serve the medical office sector in St. Louis, a sector which should continue to see steady growth in the coming years.”

Matt Hirsch and Barry Iken, the newest brokers to the team, come to NAI DESCO with a combined 18 years of experience in commercial real estate with an emphasis in the medical related field.

Hirsch and Iken, who have worked with a diverse range of healthcare providers from the single physician office to national healthcare corporations, believe that their move to NAI DESCO will help facilitate significant transactions in the months to come.

“I believe with our proven track record, the support of NAI DESCO and the NAI Network, we will not only continue to deliver high quality real estate brokerage to a wide range of clients, but this will open significant opportunities to reach more clients,” says Iken.

Major projects for the duo include the Laboratory Corporation of America assignment where Hirsch and Iken were charged with procuring and leasing over 40 medical facilities across eight states, including their regional headquarters. In addition, Hirsch assisted Land Dynamics Inc. in the  conversion of a 105,000 sq. ft. office building to a physician owned and occupied medical building.

Hirsch is optimistic on the outlook of medical real estate stating “the Healthcare sector remains very strong. Respective of economic conditions, people will require treatment by healthcare professionals who will need facilities to treat their patients.”

Contact Matt  at 314 994 2324 or by clicking here.

Contact Barry  at 314 994 2323 or by clicking here.

NAI DESCO is pleased to announce that Gary Essman and Ken Hearst have joined its full-service commercial real estate team as retail 
specialists. With a combined 42 years of experience in commercial real estate, Gary and Ken bring a unique combination of skills and experience to the company.

Contact Gary at 314 994 4184 or by clicking here.

Contact Ken at 314 994 2325 or by clicking here.

NAI’s recent quarterly Global Economic Outlook briefing with Chief Economists Dr. Peter Linneman is available now On Demand!   

Simply follow this link, register (if you haven’t before) and you will gain access to Dr. Linneman’s insight into today’s economic climate, where the trust has been lost, how long the Great Capital Strike will continue and what you need to know to get through this economic minefield.

CoStar Group, Inc. has named NAI DESCO as a 2007 Power Broker in the Top Brokerage Firm category for the sixth consecutive year.  Five members of NAI DESCO also received individual 2007 Power Broker awards based on their volume of commercial property sale or leasing transactions (Trish Dervin, Andy Port, John Sheahan, Peter Sheahan and John Shuff). 

Awarded to top brokerage firms and dealmakers in 62 markets across the country, the 2007 Power Brokers are a distinguished group of firms and brokers who conducted billions in leasing and sales transactions last year. Only a small percentage of all brokers and firms that were eligible for this highly coveted award were selected.

Read more about CoStar and this award here.

NAI Global named five NAI DESCO associates, Trish Dervin, Tom Erman, Kevin McKeon, Andy Murphy and Floyd Sweeney, to the NAI Global Elite, a group comprised of the organization’s top performers and top producers. The five qualified as Top Performers at the Silver Elite level based on production in 2007.

Sweeney was also recognized in the Global Elite Hall of Fame, an honor distinguishing individuals with at least five years in the Global Elite group.

To contact our Global Elite brokers, please click here.

CoStar Group, Inc. and Real Estate Forum Magazine have named NAI DESCO as a 2006 Power Broker in the Top Brokerage Firm category for the fifth consecutive year. 

Awarded to top brokerage firms and dealmakers in 62 markets across the country, the 2006 Power Brokers are a distinguished group of firms and brokers who conducted billions in leasing and sales transactions last year. Only a small percentage of all brokers and firms that were eligible for this highly coveted award were selected.

Read more about CoStar and this award here.

Delivering a message of "Balanced Approach," Tom Erman
has shared his ideas on Eminent Domain at the recent SIOR Forecast and in Area Development Magazine. 

Read the entire article here, reprinted with permission of Area Development Magazine from their Aug/Sept 2006 issue.