Wednesday, April 30, 2008

Stifel Nicolaus to Ballpark Village?

Joe Whittington of the Post-Dispatch has reported that Stifel Nicolaus is in lease discussions to move to Ballpark Village. According to a commercial real estate insider quoted in the column, Stifel, along with Polsinelli, would "provide Ballpark Village with approximately 150,000 sf of pre-leasing," but I think it could be even more than that.

Stifel currently leases over 100,000 on floors 1, 7, 8 and 9 of One Financial Plaza and had been rumored to be interested in leasing an additional entire floor - the 35,000 sf fifth floor. Add Polsinelli to the mix, and the total amount of pre-leased space should be well over 150,000 sf.

While Stifel's move would be good for Ballpark Village, it's really just another game of musical chairs. Is there a tenant out there that could fill the space left behind by Stifel?

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