The ribbon-cutting at Riverport Commerce Middle final week. Picture courtesy of NorthPoint Improvement
NorthPoint Improvement has opened a three-building Class A industrial park within the St. Louis suburbs. The 725,000-square-foot Riverport Commerce Middle, positioned in Maryland Heights, Mo., formally opened with a ribbon-cutting ceremony on Could 3.
The ability is located on an roughly 46-acre property at 13955 Riverport Place Drive. NorthPoint invested $63.8 million within the mission, with occupying tenants making extra investments. The property is accessible from Interstates 70 and 270, and is near St. Louis Lambert Worldwide Airport.
Cushman & Wakefield’s Ed Lampitt and Matt Eastin are actively advertising industrial leases on the property. Present tenants embody Core & Predominant Fireplace Safety, Esbelt Corp., Matthews Aurora, Vicostone, Cerrozone, Sensible Karton and Core Telecom Techniques.
NorthPoint has invested near $800 million within the St. Louis metro, the place it has constructed 11 industrial belongings totaling 11.8 million sq. toes. Its first facility within the area was the Hazelwood Logistics Middle in 2015.
In November 2022, NorthPoint wrapped up development of its 1 million-square-foot Gateway Tradeport IV industrial mission in Pontoon Seashore, Ailing., a suburb of St. Louis that sits throughout the Mississippi River, which divides Missouri and Illinois. Clear on the opposite facet of Missouri, the developer landed electrical truck producer Orange EV as a consumer at its Turner Logistics Middle in Kansas Metropolis, Mo.
NorthPoint is establishing a 3.3 million-square-foot industrial park in Spartanburg, N.C., on land it acquired final yr, in addition to a 1.4 million-square-foot industrial mission on 170 acres in San Antonio, Fla., breaking floor on each tasks in late 2022. Early this yr, the developer offered a warehouse web site in Bucks County, Pa., to Lidl for $144.6 million, and opened a 625,000-square-foot industrial asset in Union, Ohio.
