King Realty Advisors sells last remaining Blood & Sand-owned commercial space to fredsparks
04/15/2015
King Realty Advisors has sold the last commercial real estate asset Blood & Sand owners attained in their acquisition of the entire Terra Cotta Lofts ground floor restaurant/retail space. Blood & Sand had acqired three commercial units in their purchase of the former Red Moon restaurant space: 1501 Locust ST units A, B & C. Blood & Sand operates from 1501 Locust ST, Unit C.
King Realty Advisors was hired by Blood & Sand owners to dispose of units A & B as they were excess real estate holdings in two adjacent commercial units not necessary for Blood & Sand's operations.
King Realty Advisors contracted to sell 1501 Locust ST, unit B to The Kelley Group prior to Blood & Sand's acquisition closing of the Terra Cotta Lofts ground floor.
On April 15th, 2015, design firm fredsparks acquired the last remaining commerical unit comprised of 3,823 SQ FT for $26/SQ FT. The unit is currently in gray-box condition as one of the only unrenovated spaces in the Washington Avenue loft district. fredsparks plans on retrofitting the space as offices for their headquarters.
Blood & Sand, which still owns its commercial unit next door to fredsparks & The Kelley Group, continues their success as one of downtown St. Louis's best restaurant venues & favorite Washington AVE neighborhood gathering spots. More recently Blood & Sand owners Adam Frager & TJ Vytlacil opened Death in the Afternoon at City Garden.
For more information visit: www.kingrealtyadvisors.com www.bloodandsandstl.com www.fredsparks.com www.thekelleygroup.com www.deathintheafternoonstl.com