Spec Warehouse is Going Up in NorthPark
Date Posted: October 11, 2016
Posted In: Projects,
From St. Louis Post-Dispatch: CRG, the real estate development arm of Clayco, is building on spec a $30 million warehouse at the NorthPark business park in St. Louis County.
The company said Monday that NorthPark Distribution Center 1 will be completed in December. JLL is marketing the 537,753-square-foot building to potential tenants. American Realty Advisors is investing in the ownership with CRG, Clayco said.
NorthPark Distribution Center 1 will have 32-foot ceilings, 105 dock doors and LED warehouse lighting.
“We are encouraged by the continued strong market in North County,” Chris McKee, CRG’s president, said in a statement. “The addition of this warehouse adds to NorthPark’s appeal as a blend of urban accessibility and suburban amenities for the occupants.”
Express Scripts, Schnuck’s and SKF are among the business park’s tenants.