• Desales Community Development Corporation - Developer Commercial Real Estate Experience

    DeSales Community Housing Corporation is a non-profit, 501(c)(3) organization formed in 1976 to promote investment in Fox Park and Tower Grove East neighborhoods in St. Louis.

    The organization focuses its program activities in four main areas: housing development, property management, technical assistance, and neighborhood improvement.

    Location: St. Louis

    Size: 2717 Sidney Street

    King Realty Advisors was tasked with selling a portfolio of properties owned by DeSales in the Fox Park neighborhood.  The site was one of the largest blighted areas in all of South St. Louis City, consisting of multiple structures and over 3.5 acres of land.  Long vacant, it was important to DeSales to find a buyer that would invest heavily in the site to bring renewed energy to the neighborhood.  The site was sold to Rung, who plans to invest more than $20 million to redevelop the main historic structure as well as build new structures on the site for it's corporate headquarters!