Brad Waldrop
Vice President
https://kingrealtyadvisors.crecloudsolutions.com/agents/brad-waldrop/vcard
Beginning in 1999, Brad developed a diverse real estate portfolio which included land, land improved as parking, warehouse properties, residential space, retail space, office space and a church in downtown St. Louis. These properties were acquired 100% vacant/speculative. Although downtown St. Louis is often referred to as St. Louis’s “worst” sub-market, Brad achieved 90 - 100% occupancy rates in each property on-budget and on-schedule.
Brad successfully planned, acquired, constructed, sold/leased and managed the aforementioned portfolio in which he closed 100+ transactions. To date Brad has acquired, developed, leased or sold over 4,000,000 SQ FT of commercial retail, restaurant, office, industrial & parking properties accounting for over $50,000,000 in sales & leasing revenue. These cumulative totals are derived from transactions that have occured solely in downtown St. Louis, Missouri.
Brad’s experience includes: planning, developing, leasing and selling mixed-use, retail, restaurant, office, residential, multi-family, industrial, land and parking properties. Brad brings developer, construction manager, broker, tenant, and landlord owner-perspectives to each deal allowing him to provide his clients (whether landlord or tenant) with pertinent knowledge related to market conditions in all aspects of the deal from site-selection to build-out cost.
Additionally, Brad is proficient in: real estate product market pricing ($/SQ FT, CAM, NNNs, escalators, etc.); contractor-selection including subcontractors/tradesmen, general contractor, architect, mechanical engineer, civil engineer & structural engineer selection; subisdy-procurement (CID/tax abatement/TIF, state & federal historic tax credits, neighborhood preservation tax credits, etc.); product branding/marketing; and commercial real estate acquisition, construction, semi-permanent/permanent & tenant-improvement financing.
Brad is active in the downtown St. Louis neighborhood. He served on the board of The Bridge, a homeless services provider, for five years. Brad also helped several downtown stakeholders conceive St. Louis Downtown Neighborhood Association Inc. (DNA). DNA, a membership driven organization, serves the purpose of bringing residents, business owners, property owners, downtown employees and students under one umbrella to better foster communication amongst downtown stakeholders and their representatives.
Completed Commercial Real Estate Development Projects:
*2401 S 12th ST in St. Louis, MO 63104: the Barton ST Lofts - 22,000 SQ FT church-to-loft condo conversion utilizing Tax Increment Financing & MO Neighorhood Preservation Tax Credits
*1430 Washington AVE in St. Louis, MO 63103: the Monkey Building - 30,000 SQ FT historic retail + office rehabilitation utilizing state & federal historic tax credits as well as City of St. Louis 10-YR tax abatement
*1422 Washington AVE in St. Louis, MO 63103: 28-stall surface parking development
*1330 Washington AVE in St. Louis, MO 63103: 9,000 SQ FT warehouse-to-restaurant/retail rehabilitiation utilizing City of St. Louis 10-YR tax abatement
*1400 Washington AVE in St. Louis, MO 63103: 22,500 SQ FT 74-stall surface parking development tied to St. Louis Metropolitan Police Department's Real Time Crime Center
*1401 Locust ST in St. Louis, MO 63103: 15,500 SQ FT 65-stall surface parking development tied to St. Louis Metropolitan Police Department's Real Time Crime Center
*1401 Lucas AVE, 1400 Delmar BLVD & 700 N 15th ST in St. Louis, MO 63103: 190-stall surface parking development tied to St. Louis Metropolitan Police Department's Real Time Crime Center
*1801 Washington AVE in St. Louis, MO 63103: 169-stall surface parking development in St. Louis' loft district