ST. LOUIS—The St. Louis industrial market has largely made up all the ground lost during the recession and factors like the reviving auto industry have also made the region ripe for new development. GM recently launched a $133 million expansion of its plant in suburban Wentzville, and that has parts suppliers, eager to feed their products into the growing factory, flocking to the area.
The LandMark Group, for example, has just completed construction on an 85,000-square-foot build-to-suit automotive industrial manufacturing plant in Wentzville. And Faurecia, the world's seventh-largest automotive supplier, has signed a long-term lease with LandMark for the building, located just off Hwy. A, north of I-70.
The new construction continues an incredible run for the St. Louis industrial market. In the first quarter the industrial market in the St. Louis metropolitan area recorded 1,795,283-square-feet of positive absorption. “That is more than in all of 2013,” Ed Lampitt, vice president and principal of Cassidy Turley in St. Louis, told GlobeSt.com. “And 2013 was an awfully good year.”
Landmark equipped its new facility with ESFR sprinklers, 10 loading docks, and 9,300-square-feet of office space. In addition, it has potential for future expansion of up to 42,000-square-feet of additional office and warehouse space.
“This is the second build-to-suit plant we have constructed for Faurecia, and we are pleased to have worked with them once again on this project,” says LandMark partner Bob Sanches. “We value long-term relationships with our clients, and hope to work with them again in the near future.”
The company began working with Faurecia in 2011 when it constructed another build-to-suit facility in Belvidere, IL. A certified minority business enterprise, LandMark has offices in Rockford, IL and in Arizona. It focuses on the development, acquisition, ownership and management of industrial properties throughout the US.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
