X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Read more on the industrial market.)

MARYLAND HEIGHTS, MO-Koch Air LLC has agreed to lease 108,000 sf of the 144,000-sf Riverport Four building here at 3101 Riverport Tech Center Dr. The company, a distributor of residential air conditioning products, is relocating from two older properties in St. Louis.

The lease includes a 22,000-sf office build-out for Koch, and the building features 24-foot clear height ceilings, multiple dock-high, drive-in doors, ESFR sprinkler systems and an extensive glass line. Matt Hrubes, senior leasing representative for owner Duke Realty Corp., says the company is marketing the remaining space at $6 per sf, triple net, with 15% office finish. Dan Merlo and Gary Parker with the St. Louis-based Sansone Group represented Koch in the lease.

The property is in the 500-acre Riverport Business Park at Interstate 270 and Interstate 70, which includes multiple office and industrial facilities, as well as hotels, retail and entertainment such as the Verizon Amphitheater. Hrubes says Duke, which built Riverport buildings one through three, as well as various office buildings in the park, plans to start construction on Riverport Five after Four is leased up. “It would be the same type of building as Four,” Hrubes says. “It would also be a spec building. There’s not an overabundance of this type of product in the area, and we’ve had moderate activity.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.