3401 Morgan Ford in St. Louis

ST. LOUIS—Jones & Lockhart Welding, Inc. recently purchased 3401 Morgan Ford, a 51,000-square-foot industrial building in St. Louis for $820,000 and will move its headquarters there from suburban St. Louis County in March of 2014.

Jones & Lockhart Welding, a welding and fabricating shop founded in 1946, plans to invest $460,000 in renovations for electrical work and office upgrades, and $250,000 on new equipment including cranes and heat treat ovens. The company was previously located at 10500 Page in a 16,000-square-foot building. The company includes another in-house operation, Thermco, Inc., which offers stress-relieving and heat-treating services.

Hilliker Corporation, a St. Louis owned and managed commercial real estate company, assisted Jones & Lockhart Welding in the 18-month search. Hilliker Corporation’s broker Meade Summers represented the seller, Boling Spring Ave. Property, Inc.; Hilliker broker Patrick McKay represented the buyer.

“Our current location was too far from our customer base,” says Jones & Lockhart Welding owner and President Steve Jones, the third generation to run the company that his grandfather started more than 60 years ago. “We needed better highway access and more space to grow our business.”