(Read more on the industrial market.)

ST. PETERS, MO-Duke Realty Corp. wants to sell land and attract leases to its portion of the 835-acre, $750-million Premier370 business park. The company has hired Gateway Commercial to market 505 acres of the park south of Highway 370, where it expects to invest more than $450 million in creating six million sf of industrial/distribution space. The company already is building a 200,000-sf spec building to handle new demand.

Duke and Gundaker Commercial Group partnered to buy the farmland from the city in April 2006. Gundaker’s portion of the land is north of Highway 370. The city is developing a 300-acre recreational park next to the land, called Lakeside 370.

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