CBRE Arranges Sale of 316-Unit Avenue64 in Northwest St. Louis Suburb

CBRE has arranged the sale of Avenue64, a 316-unit multifamily property in O’Fallon, Missouri. Oregon-based Bonaventure purchased the property from Thompson Thrift for an undisclosed amount.

CBRE’s Hannah Ott, George Tikijian, Matt Bukhshtaber, Cam Benz, Claire Bullard and Ryan Stockamp represented the seller in the transaction.

“We are also excited to work with Bonaventure and assist the company with its first multifamily acquisition.” said Ott. “We are also excited to work with Bonaventure Holding Company and assist the company with its first multifamily acquisition.”

Avenue64 is located at 1000 Watermark Drive, proximate to the Interstate 64 and Missouri 94 intersection and 10 minutes northwest of Chesterfield Commons, the largest open-air retail center in the U.S. with over 2 million square feet of retail space. Built in 2022, the property features a range of one-, two- and three-bedroom floor plans averaging 993 square feet.

Community and unit amenities include a resort-style swimming pool and hot tub, a courtyard, a coffee bar, a 24-hour fitness center, a conference room, community grilling areas, an outdoor game area, stainless steel appliances, in-unit washers and dryers and vinyl plank flooring.