St. Louis, Missouri Portfolio

Location Characteristics: St. Louis’s close proximity to multiple major interstates delivers quick connectivity to the market’s primary logistics corridors. In addition to interstate adjacency, the St. Louis region has access to two airports— Lambert-St. Louis International Airport, and MidAmerica St. Louis Airport—both of which are located in designated foreign trade zones. Not to mention, St. Louis is also home to the nation’s second-largest inland port, the Port of Metropolitan St. Louis.

 

Market Insight: Industrial rents in the St. Louis Market are rising at a 4.4% average annual rate and have posted an average annual gain of 7.6% over the past three years. In addition to 12.7 million square feet that was delivered over the previous three years (a cumulative inventory expansion of 4.2%), absorption has still been strong with vacancy only reaching 7.2%. With forecasted new construction down to 1.7 million square feet expected to come online in 2024 and even less in 2025, market fundamentals remain strong.

St. Louis, Missouri Portfolio

Location Characteristics: St. Louis’s close proximity to multiple major interstates delivers quick connectivity to the market’s primary logistics corridors. In addition to interstate adjacency, the St. Louis region has access to two airports— Lambert-St. Louis International Airport, and MidAmerica St. Louis Airport—both of which are located in designated foreign trade zones. Not to mention, St. Louis is also home to the nation’s second-largest inland port, the Port of Metropolitan St. Louis.

 

Market Insight: Industrial rents in the Saint Louis Market are rising at a 6.7% annual rate during 2022, and have posted an average annual gain of 3.8% over the past three years. In addition to 8.2 million SF that has delivered over the past three years (a cumulative inventory expansion of 2.6%), there is 7.7 million SF currently underway.

11650 Lakeside Crossing Ct., St. Louis, MO 63146

1 building comprising 100,021 square feet

Center Point Business Park

Location:St. Louis, MO

Acquisition Date:10/5/21

# of Buildings:1

Purchase Price/SF:$110.98

Tenant:Single-Tenant

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Salisbury Business Park

Portfolio Fit: 11650 Lakeside Crossing, 100,021 SF of industrial space in a Class A building, currently occupied through 2030. In this market, Plymouth's tenants are mainly major third-party logistics companies involved in warehousing, fulfillment, and transportation. This tenant specializing in custom plastic solutions, add diversification to our tenant base in Saint Louis.

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3919 Lakeview Corporate Drive, Edwardsville, IL 62025

1 building comprising 769,500 square feet

Center Point Business Park

City, Location:Edwardsville, IL

Acquisition Date:8/24/21

# of Buildings:1

Purchase Price/SF:$71.73

Tenant:Single-Tenant

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Liberty Business Park

Portfolio Fit: 3919 Lakeview Corporate Drive, the expandable 769,500 SF cross-docked modern distribution facility is 100% leased to a major logistics corporation, with a focus on warehousing, distribution and e-commerce in the premier Metro East submarket of St. Louis. The Property’s strategic location, accessibility and strong broadband service make it ideal for warehouse and distribution centers and e-commerce fulfillment. 

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Metro Area Building Name Gross Building Area (SF) Property Sub-Type Tenant
St. Louis 160-275 Corporate Woods Place 155,434 Warehouse/Distribution Multi-Tenant
St. Louis 909 North 20th Street 150,106 Warehouse/Distribution Multi-Tenant
St. Louis 1020 North 23rd Street 337,044 Warehouse/Distribution Multi-Tenant
St. Louis 2326 Grissom Drive 43,400 Warehouse/Light Manufacturing Single-Tenant
St. Louis 9150 Latty Avenue 142,364 Warehouse/Distribution Single-Tenant
St. Louis 3051 Gateway Commerce Center Drive South 521,171 Warehouse/Light Manufacturing Single-Tenant
St. Louis 349 Gateway Commerce Center Drive East 624,159 Warehouse/Light Manufacturing Single-Tenant
St. Louis 3919 Lakeview Corporate Drive 769,500 Warehouse/Distribution Single-Tenant
St. Louis 2344 Grissom Drive 35,858 Warehouse/Light Manufacturing Single-Tenant
St. Louis 11646 Lakeside Crossing Court 100,021 Warehouse/Distribution Single-Tenant
St. Louis 5531-5555 Phantom Drive 129,000 Warehouse/Distribution Multi-Tenant
St. Louis 4848 Park 370 Boulevard 76,092 Warehouse/Light Manufacturing Multi-Tenant
St. Louis 1901-1939 Belt Way Drive 76,485 Warehouse/Light Manufacturing Multi-Tenant
St. Louis 2635 Metro Boulevard 59,055 Warehouse/Light Manufacturing Multi-Tenant