CB Richard Ellis' SVP Tripp Hardin and Phil McCarthy, tenant advisor for Transwestern, represented Fiserv. Jon Hinds, vice president of industrial leasing, represented Duke.
"We are extremely pleased to expand our relationship with Fiserv and welcome them to our St. Louis portfolio," says Toby Martin, SVP of Duke's St. Louis operations. "Fiserv's decision to move to Lindbergh Distribution Center is particularly gratifying given the slowdown in business relocation activities." With the Fiserv lease, the 528,000-square-foot distribution center is 92% occupied. Other tenants include Matrix Packaging of Missouri, which holds 150,000 square feet, and Whitney Design Inc., which occupies 152,000 square feet. There are 43,450 square feet still available.
" Duke continues to work with companies in the St. Louis market to arrive at space solutions that meet their present and future needs," Martin says.
The lease rate on the deal was not disclosed.
The facility was initially built on a spec basis and opened in the second half of 2007.
Earlier in the month, as reported by GlobeSt.com, Duke leased 104,770 square feet of office space to ESSENCE Healthcare. The locally based firm will move into 13900 Riverport Dr.
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