Lincoln Property Company Recapitalizes and Refinances The Sevens Office Building in Clayton, MO

Lincoln Property Company (“Lincoln”), a global, full-service real estate firm, announced that it has recapitalized and refinanced The Sevens (7777 Bonhomme Avenue), a 197,311 square foot Class A office located in Clayton, Missouri. Lincoln recapitalized the building with investment from a new joint venture partner, IMC Management, and also refinanced the property. Lincoln originally bought the building in 2015 through a joint venture with Stockbridge.

Riot Games, developer of the popular League of Legends game, recently renewed one of its two full floors in the building.  Lincoln successfully backfilled a former Riot Games floor with NUSO, a multi-national communications-focused Software as a Service (Saas) provider, who signed a lease for a full floor with limited downtime. The building is approximately 73% leased.

“We are pleased to have recapitalized and refinanced The Sevens.  Our plan is to build and deliver a series of speculative market-ready suites along with the continuation of common area improvements to capture pent-up demand in one of the Midwest’s hottest submarkets. The retention of Riot Games plus the addition of NUSO further confirms the Sevens’ broad appeal to financial services, legal and creative office users,” said Peter Kelly, Executive Vice President, Lincoln Property Company.

Constructed in 1971 and extensively renovated in 2017, The Sevens features an abundance of best-in-class amenities. It is located just two blocks from Clayton’s MetroLink rapid transit station and is near the Forest Park Parkway/I-170 interchange providing immediate access in and out of the Clayton CBD. Lincoln will continue to manage the building and Cushman & Wakefield will handle leasing

About Lincoln Property Company
Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 510 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 150 million square feet of development since its inception in 1965 and has another $20 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.