The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-05-08
FRISCO BUILDING AND JEFFERSON
HOTEL LOCATIONS ARE PURCHASED
Liggett Estate Obtains Fee to Sites for 81 120.Oo0 One of the
Largest Cash Sales in History of St Louis-Holders Recently
Bought Fee to the Century Building for $4,000.

Real estate transactions involving over
q million dollars. and embracing some OF
the most valuable property in the city.
were effected late yesterday by the Mer-
camille Trust Ccmpany's real estate de-
Pertinent. acting in conjunction with the
Rut-eige & Fitzpatrick Realty Company.
The aggregate sale. to be exact. was
sl.1eo.Wo. and Is one Of the largest cut
right cash sales of real estate ever made
in 81. Louis. the property sold BENZ the
fee to the site OF the magnificent new
Frisco building. located at the southwest
corner OF Ninth and Oive streets, and the
fee TO the lot on Twelfth and 81. Char-es
streets which forms the site CT the pala-
tai new Jefferson Hote.. the purchaser N
both cases being the LiggeIt estate.
The lot al Ninth 4 Olive streets
fronts 10 feet on the south line of Olive
ssyo.0a This property is under lease for
njnety-nine years 10 the Frisco buiioing
Company. al annual rental which viii
yield the purchasers full 1 per cent net on
The site OF the jefferson Hotel fronts 20
feet on the west side o. Twelfth street by
4 depth OF 11 feet and extends from Io-
Gust to St Charles street IL was sold
for S,.o0o. This ground is under a nine
Iy-nine-year lease 10 the Hotel Realty
Company. at an annual rental OF Geo
to the owners of the ground. thus paying
the purchaser a fraction over 4 per cent
on the investment
The Frisco building site was sold for the
account of the Corner Realty Company. 2
by the Mercantile Trust Company several
years ago. Lorenzo E Anderson. vice
president OF the Mercantile Trust Com
evening that the Corner Realty Company
purchased the site from the Emilie Realty
Company At ESQ. and since its eur
chase have had q SATISFACTORY invsssmena'
showing conciusively the wisdom OF in
vestment IN choice ST Louis real estate
The site Of The JEFFERSON Hotel was 500
Company. a corporation Of local investors,
Of which Isaac H Lonberger e president
This pro2erty was g@arenasen 5y me syn
pan over two years ago for Sls.a5. and
by this transaction a pront OF over
Robert Rufledee OF the Rut;edge q Kill
patrick Realty Company stated last even
nentiy retained by the Liggett estate as
the estate, Messrs. Claude fitzpatrick.
John Fowler and E & Robert. had given
most careful consideration 10 the prop
tons as certain TO advance n value with
the growth OF tie city,. n were con-
WINGED Of the fact that the purchase was
the best possible INVESTMENT the estate IN
The two corporations above named not
only realized handsomely On their invest
paved the way for two Of ST. Louis most
credltabie buildings, the Frisco building
being one Of the handsomest once strucf-
ures In the United States and the new
Jefferson Hotel the pride Of ST. Louis and
the West.
The Rutledge 4 Fitzpatrick Realty Com
pa sny and The Mereans,le Trust Company
fee to the Century building 1t &.5,0e. The
Iiggstt estate have also recently pur-
chased the fee to the Chemical building.
IL said by the trustees, arc q high and
substantial Endorsement OF real estate as
q basis Of Investment, a VII have q
ket-