CIBC Place in Brentwood
The sale of CIBC Place, a 10-story office building at 1401 South Brentwood Boulevard, was completed in 2025. Attorney Jim Onder, founder of OnderLaw, purchased the 170,157-square-foot property from Altus Properties for a reported $34.3 million.
The transaction is a notable commercial real-estate sale in the Brentwood and Clayton business corridor. The building sits near major roads, retail destinations, and established employment centers in central St. Louis County.
CIBC Place Transaction Overview
Altus Properties acquired the office tower in 2016 and remained involved with the property after the sale as its property manager. Commercial real-estate reporting described the building as highly occupied at the time of the transaction. OnderLaw planned to occupy approximately 6,000 square feet while retaining its existing Webster Groves headquarters.
Midwest Regional Bank reportedly provided a $25.69 million loan connected with the purchase. The sale placed the building under local ownership while preserving its role as a multi-tenant office property.
Corrected Price Per Square Foot
Based on the reported $34.3 million sale price and 170,157 square feet of building area, the transaction equals approximately $202 per square foot. This corrects the previously published $117-per-square-foot figure.
Price-per-square-foot calculations offer one way to describe a commercial transaction, but they do not by themselves establish the value of other properties. Occupancy, lease terms, operating expenses, building condition, financing, location, and the intended use of the property can all affect a sale.
Why the Brentwood Office Sale Matters
The purchase reflects continued investment in an established St. Louis County office corridor. A largely occupied building with a local owner-user differs from a vacant speculative acquisition because it combines an existing tenant base with space for the buyer’s own operations.
For residents comparing housing, businesses, transportation, and amenities near this corridor, the Brentwood community guide provides broader local context.
Sources and Transaction Reporting
The sale and property details were reported by the St. Louis Business Journal and summarized by REBusinessOnline. Transaction figures should be understood as historical information about this specific 2025 sale.