(Read more on the industrial market.)
ST. PETERS, MO-Duke Realty Corp. wants to sell land and attractleases to its portion of the 835-acre, $750-million Premier370business park. The company has hired Gateway Commercial to market505 acres of the park south of Highway 370, where it expects toinvest more than $450 million in creating six million sf ofindustrial/distribution space. The company already is building a200,000-sf spec building to handle new demand.
Duke and Gundaker Commercial Group partnered to buy the farmlandfrom the city in April 2006. Gundaker's portion of the land isnorth of Highway 370. The city is developing a 300-acrerecreational park next to the land, called Lakeside 370.
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