Centene Lands Financing for HQ Development

By Katie Hinderer
June 12, 2009

CLAYTON, MO — Centene Corp. has received a construction loan for the development of its $186 million headquarters set to be built here. As GlobeSt.com reported in February, city officials approved a revised plan for the project, which shrunk the buildingÕs size by four floors and reduced the price from $215 million to the current $186 million.

Locally-based Clayco has teamed with Chicago-based U.S. Equities and St. Louis-based Koman Group to develop the project. The 20-story mixed-use development at the corner of Forsyth Boulevard and Hanley Road will expand the current Centene HQ and add retail and office space, as well as a parking garage to the site. Law firm Armstrong Teasdale will also be located in the building.

According to a report in the St. Louis Business Journal a US Bank-led consortium granted Centene the loan, paving the way for the first new office building Clayton will see rising in almost ten years.

Construction began in October with the leveling of the Library Ltd. building. The entire project is expected to be complete by July 2010.