March 14, 2016 | Green Street


St. Louis Business Journal


March 11, 2016

Media Contact: Liz Austin, 314-726-2500,


Green Street begins exterior work on former Wells Fargo building

Green Street Development has begun exterior work on a former Wells Fargo building at the intersection of Jefferson Avenue and Market Street.

Already, Avatara, a local cloud hosting and Web support company, occupies about 30,000 square feet in the 85,000-square-foot facility, located at 2351 Market St. Avatara signed a 12-year leas for the space in September.

Green Street’s Brian Pratt said the development firm plans a $13 million overhaul of the building when all is said and done, with the company marketing the existing space to new tenants as a technology-enabled office setup.

Green Street, which is taking advantage of $12 million in new market tax credits to redo the facility, acquired the building in 2014 for $4.6 million from Wells Fargo.

Pratt said new entry ways along Market and a sculpture are planned for exterior upgrades. Pratt said the remaining unoccupied 55,000 square feet of the building will be redeveloped once a tenant is secured.

Green Street also acquired the former Society of St. Vincent DePaul building at 100 N. Jefferson, just one block north of the Avatara building, for $1.05 million.

Pratt said Green Street plans similar renovations to that building but would market it to smaller tenants.

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