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SKF USA Launches $60 Million Build-to-Suit

ST. LOUIS—The manufacturer wanted a flagship facility, but the lack of new product in the metro area led it to launch a build-to suit.

By Brian J. Rogal | Updated on January 07, 2015

ST. LOUIS—The industrial market in the St. Louis area continues to show signs of recovery. SKF USA, Inc. has just launched a 310,000-square-foot, $60 million build-to-suit development at NorthPark, an industrial park in northern St. Louis County. The manufacturer plans to move from its current St. Louis location on Goodfellow Blvd. by the end of 2015, retain its 388 jobs and create another 73 over the next six years.

“The period from 2007 to 2012 was a fairly dormant period for industrial development,” Steve Tharpe of Colliers tells GlobeSt.com, “but there has been a definite pick-up in demand.”

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