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JLL Hired to Gain Tenants at 550-Acre NorthPark

ST. LOUIS-The joint venture owners Clayco and McEagle are eager to stir things up at the $500 million park, during a period of office vacancy for the area at more than 17%.

By Robert Carr | Updated on July 30, 2012

ST. LOUIS-NorthPark Partners, a joint venture of Clayco Inc. and McEagle Properties, have hired Jones Lang LaSalle to market the 550-acre NorthPark business park here. While the planned $500 million park includes a number of offices, including a few buildings for pharmacy benefits manager Express Scripts, the project still only has about 50 acres occupied by about 1.3 million square feet.

NorthPark replaced a former residential subdivision that was originally purchased for the airport more than 20 years ago. The redevelopment, created in partnership with St. Louis County and the state of Missouri, is adjacent to Lambert International Airport and the University of Missouri-St. Louis at the northeast corner of Interstates 70 and 170 in the cities of Kinloch, Berkeley and Ferguson.  The first office, 90,000 square feet of office and classrooms for Vatterott College, was started at the park in 2007.

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