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"Bold Move"

Dee Bax, owner of Dutchman Realty, is launching Dutchman Development & Construction.  It will be headed by Jeremy Malensky, a real estate developer and investor and partner in Dutchman Realty. 

The new firm will specialize in commercial construction, including medical, retail, industrial and warehouse. "Clients will have a one-stop shop for all of their needs," said Bax, who has been responsible for more than $1 billion in transactions over the last 16 years in St. Charles, Lincoln, Warren, and St. Louis counties.

They have contracts in hand, and first-year revenue is projected at $6 million.

By Greg Edwards
Article reprinted from "The St. Louis Business Journal"

 
Written by Carol Lundgren   
Tuesday, 23 March 2010 17:11

FOR IMMEDIATE RELEASE

Deals Could Indicate Upswing in St. Charles County Commercial Leases

      Dutchman Realty recently completed four lease transactions in St. Charles County during the first two weeks of March alone.

      According to CEO Broker/Owner Dee Bax, “This is the fastest pace of commercial leasing we have seen in the past two years.  Not only have businesses been signing leases, but they are confident enough in the economy that they have also agreed to long terms.”  Two of the transactions are for five years; one is for four years.

      The leases range from 1,485 square feet of office space to 6,288 square feet of industrial space.  The transactions also are at diverse locations, including St. Charles, O’Fallon and Lake St. Louis.

      “Hopefully these transactions are an indication of companies’ belief not only in their strength, but also in the continued assurance that St. Charles County is a great place to do business,” Bax notes.
Last Updated on Tuesday, 23 March 2010 17:18
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