Advantage Capital, Pulaski Bank finance $18M Hilton Garden Inn at St. Louis' NorthPark

From the St. Louis Business Journal. Thursday, May 29, 2008

Advantage Capital, Pulaski Bank finance $18M Hilton Garden Inn at St. Louis' NorthPark

Advantage Capital said Thursday that it recently partnered with Pulaski Bank on an $18 million investment that enabled the construction and operation of the Hilton Garden Inn at NorthPark.

Advantage Capital's portion of the investment was made in connection with Missouri's New Markets Development Program to encourage investment in low-income communities, according to a release.

The Hilton Garden Inn, to be located at the NorthPark development at the northeast corner of Interstates 70 and 170, in St. Louis County, will be managed by St. Louis-based Lodging Hospitality Management.

NorthPark Partners , consisting of McEagle Properties LLC and Clayco Realty Group , is redeveloping the 550 acres located along the eastern perimeter of Lambert-St. Louis International Airport into office and retail space.