ST. LOUIS—The St. Louis industrial market has largely made upall the ground lost during the recession and factors like thereviving auto industry have also made the region ripe for newdevelopment. GM recently launched a $133 millionexpansion of its plant in suburban Wentzville, and that has partssuppliers, eager to feed their products into the growing factory,flocking to the area.
The LandMark Group, for example, has justcompleted construction on an 85,000-square-foot build-to-suitautomotive industrial manufacturing plant in Wentzville. AndFaurecia, the world's seventh-largest automotivesupplier, has signed a long-term lease with LandMark for thebuilding, 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 marketin the St. Louis metropolitan area recorded 1,795,283-square-feetof positive absorption. “That is more than in all of 2013,”Ed Lampitt, vice president and principal ofCassidy Turley in St. Louis, told GlobeSt.com.“And 2013 was an awfully good year.”
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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.
