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NorthPoint Growth 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 Might 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 further 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 and marketing industrial leases on the property. Current tenants embrace Core & Important Fireplace Safety, Esbelt Corp., Matthews Aurora, Vicostone, Cerrozone, Sensible Karton and Core Telecom Programs.
NorthPoint has invested near $800 million within the St. Louis metro, the place it has constructed 11 industrial property 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 building of its 1 million-square-foot Gateway Tradeport IV industrial mission in Pontoon Seaside, Unwell., 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 setting up 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 initiatives 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.
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