He tells GlobeSt.com that the partnership will build thefacility for Express Scripts and lease it back, and doesn't havecurrent plans to sell the property. The partnership sold the300,000-sf building at 8555 University Pl. to Triple Net PropertiesLLC this summer. "We hadn't intended on selling the first one, butwe'll evaluate those opportunities as they come," Eisenhartsays.

This move for Express Scripts will be a second phase ofconsolidating its workers from around St. Louis, and will placeabout 900 people, mostly information technology, client servicesand corporate financial services employees, in the 200,000-sfbuilding. Construction has begun, and should be complete by May2009. The first building already houses about 1,000 employees.

The Clayco/McEagle partnership is also working on gettingtenants into a 150,000-sf speculative office building that it isconstructing for about $30 million, as part of the plans for $400million worth of development for NorthPark. Eisenhart says there'sno leases signed yet. "There's tremendous interest, and we'renegotiating with a multitude of tenants," he says. Lease rates atthe spec building will be $14 per sf or $22.50 per sf to $23.50 persf, full service. The partnership is also working on a 136-roomHilton Garden Inn for the park.

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