Thursday, December 06, 2007

What's Up with DHR?

DHR International received a brief mention in Joe Whittington's column in the Post-Dispatch this morning. Apparently the Fifth Third Center in Clayton, which DHR had been considering purchasing for its St. Louis office, is now under contract, but Whittington declines to mention to whom. If it is DHR who has the building under contract, it could mean that the General American building downtown will have to sit vacant a little longer.

As reported last summer, DHR, the fifth-largest executive search firm in the country, is moving its executive group and the bulk of its operations from Chicago to St. Louis, bringing 125 new jobs to the region.

In addition to the Fifth Third Center and another building in Clayton, the firm had also been considering purchasing the 128,250 sf General American building at 700 Market Street. DHR will take 40,000 to 50,000 square feet and lease out any remaining space. The unique configuration of the General American building, best suited for a single user, might make it a less attractive option than its Clayton competitors. I'm keeping my fingers crossed for downtown, but am not overly optimistic about DHR's chances of locating there at this point.

The General American building: Somebody, lease this space!


Anonymous said...

Maybe the success of the ballpark village will lift the tide of the GenAm building, but given its poor layout I am not optimistic that it will find an office user any time soon. Perhaps it is time to start considering alternate uses (or historic register status?).

Brian said...

Sadly, I think you may be right. It will really take the perfect tenant to make it work - I thought Blackwell Sanders would have worked well.

Another problem with this building is that it has one (1) interior parking space. While it is just across the street from the Stadium West Garage, most tenants want more than one parking space in the building itself. said...

Very difficult space, very poorly laid out. Horrible sidewalk/building relationship. In that respect, no so unique.

Forget leasing it, call Bellon Wrecking.