Sansone Buys Tropicana Lanes, Other Richmond Heights Properties on 13 Acres

By on September 7, 2018

From St. Louis Post-Dispatch:  Clayton-based real estate development firm Sansone Group has bought the Tropicana Lanes bowling alley in Richmond Heights and two nearby office buildings in separate deals that cobbled together 13 acres in one of the tightest submarkets of the St. Louis region.

Sansone Group partnered with Los Angeles-based Stanton Road Capital on the deals, for which terms were not disclosed. The pair have worked together previously, with Sansone Group marketing and leasing the Deloitte Building at 100 South Fourth Street downtown St. Louis, which Stanton Road Capital acquired in late 2015.

Under this latest partnership, Sansone Group will lease and manage the building while Stanton Capital will act as owner.

Two of the three office buildings — 7930 Clayton Road and 7980 Clayton Road, collectively known as Clayton Executive Center — are completely occupied, with tenants including SSM Health, Centene and U.S. Title. The other office building is the former location of Layton’s restaurant.

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