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Mills Properties divests 178-unit apartment building in St. Louis for $80M

Mills Properties Inc. sold The Orion building, a 178-unit residential development in St. Louis, to Canadian real estate investment company Brass Enterprises Inc. for $80 million, the St. Louis Business Journal reported, citing the buyer.

Mills Properties developed the $55 million building in the Central West End, which opened in 2016, according to the May 18 report.

A Whole Foods Market occupies more than 38,000 square feet on the ground floor of The Orion on a 20-year term lease with six five-year term extensions, the buyer was noted saying on its website.

Berkadia represented Mills Properties in the deal that concluded May 8.