Parkside Acquires Maryland Place
Press Release - December 2019
Parkside Financial Bank & Trust is excited to announce the purchase of Maryland Place at 8112 Maryland Avenue in Clayton, Missouri. Parkside has operated out of this location in the heart of Clayton since it's inception in April 2008. In July of 2019, Parkside launched a Loan Production Office located at 14th Street and Lawrence Street in downtown Denver, Colorado.
“This investment ensures we have the facilities to support our future growth and control our own destiny. Purchasing our building is just one more example of Parkside's long-term perspective and reaffirms the permanence of the Parkside organization,” says Parkside Bank President, Andrew Hereford. “We plan to invest approximately $2 million in improvements to the building, ensuring it will continue to serve as a Class A property for both Parkside and our tenants.”
Located at the corner of Maryland Avenue and Brentwood Boulevard, Parkside currently occupies approximately 17,000 square feet on the first and second floors of the 80,000 square foot property. The five-story building offers a two-story atrium lobby, balcony patios for tenant use and convenient access to Herbie's restaurant on the first floor.
"Parkside's roots are at this location, on one of the best corners in Clayton. It's where we opened our doors and we look forward to utilizing this building to reinforce the Parkside Financial Bank & Trust brand in the community," says Hereford.
Parkside Financial Bank & Trust
Parkside Plaza, LLC, a wholly owned subsidiary of Parkside Financial Bank & Trust, purchased and will maintain ownership of Maryland Place.
Parkside Plaza, LLC, a wholly owned subsidiary of Parkside Financial Bank & Trust, purchased and will maintain ownership of Maryland Place.
Parkside Financial Bank & Trust ("Parkside") is a wholly owned subsidiary of Parkside Financial, Inc. Parkside offers commercial banking, trustee, family office and 401(k) plan services to privately held businesses, their owner families, executives and professionals. Since its inception in April 2008, Parkside has grown banking business to approximately $600 million in assets and Trust and Family Office business to approximately $1.4 billion.