FINANCEDOffice
Private Owner Secures $30 Million Refinance Loan From Bank Of Springfield For The Globe Building
710 North Tucker Boulevard
$30,000,000
$54/SF
Building Size
550,000 SF
Asset Type
Office
Closing
Oct 29, 2025
AI
A private owner secured a $30 million refinancing loan from Bank of Springfield for The Globe Building, a 550,000-square-foot historic office property located at 710 North Tucker Boulevard in St. Louis, MO. The property also includes 150,000 square feet of data centers.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $30,000,000
- Address: 710 North Tucker Boulevard
- Market: St. Louis, MO
- Asset Size: 550,000 SF
- Lender: Bank of Springfield
- Loan Type: Refinance
The refinancing deal involves a notable collaboration between the private owner and Bank of Springfield, indicating a strategic financial move to leverage the property’s potential in a core urban market.
Players
BS
BANK OF SPRINGFIELDLender
Saint Louis Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93