Clayton-based Danna McKitrick, the 28th largest law firm in St. Louis, is moving its offices to 23,000 sf in the Pierre Laclede Center. The firm is moving from 17,700 sf at 150 N. Meramec. At the asking rental rate of $24.50 psf at Pierre Laclede, the deal is worth an estimated $5.6 million over the span of the 10-year lease.
Unfortunately for Danna McKitrick, had the firm considered downtown, it could have realized some nice cost savings at any of these Class A buildings that currently have large enough vacancies to accomodate them:
Equitable Building - $21.00 psf
One Financial Plaza - $21.00 psf
One City Centre - $18.50 psf
Bank of America Tower - $18.00 psf
St. Louis Place - $15.00-$16.00 psf
In a B/B+ building like 500 N. Broadway, the cost savings would be even more significant.