Northmarq’s Midwest Multifamily Investment Sales team, consisting of Dominic Martinez, Parker Stewart, and Alex Malzone, successfully facilitated the sale of The District apartments in a highly desirable area of St. Louis. This garden-style multifamily community was built in 1953 and offers 428 units at its location on 633 N. McKnight Road.
The seller for this property was represented by Northmarq while the buyer was a private investor from Colorado. According to Martinez, “The District’s prime location and size attracted interest from investors all over the country.” Despite being an older property, it has been well-maintained with modern amenities and updates that made it appealing to buyers in today’s market.
Situated on 28 acres just off Interstate 170, The District is ideally located in University City – one of St. Louis’ most affluent submarkets – providing easy access to major employers and popular destinations within the city.
This transaction marks another successful deal arranged by Northmarq as they continue to be a leading force in commercial real estate sales across various markets nationwide.
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