ST. LOUIS—Industrial users are occupying new class A distribution space in this robust metro region as fast as developers can finish it. It’s no surprise that Panattoni Development Co., Inc. has decided now is the time to launch a massive speculative industrial building at the Lakeview Commerce Center in the Metro East submarket. The company will begin construction on the 769,500 square-foot building this week and expects to complete it by the end of the year. Officials tell GlobeSt.com its 36′ clear height will set it apart from the competing buildings, which have 32′ ceilings.

JLL’s Terry Stieve, managing director of industrial services, and Katie Haywood, vice president, represent ownership in the development and will act as its leasing agent. There currently are three buildings in the park, totalling 2.6 million square feet. Current tenants include Spectrum Brands, World Wide Technology, OHL and JF Electric.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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 © 2024 ALM Global, LLC. All Rights Reserved.