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St. Louis Gets Its Largest Industrial Lease Ever

The Metro East area has become one of the most popular submarkets in the Midwest region.

stL-GEODIS (2) Now occupied by GEODIS, a global 3PL, this is one of five buildings already developed by Tri-Star and PCCP at Gateway Commerce Center in Edwardsville, IL.

ST. LOUIS—World Wide Technology has chosen developer TriStar Properties to develop a 176-acre campus valued at more than $115 million at Gateway Commerce Center, a nationally prominent 2,300-acre logistics and bulk distribution park located outside Edwardsville, IL, a St. Louis suburb just across the Mississippi River.

TriStar and its long-time partner, PCCP, LLC, a Los Angeles-based finance and investment management firm, will create their sixth and seventh buildings together for this project, which they say is the largest industrial property transaction in the metro area’s history. The deal, inked on March 9, represents the culmination of a seven-month competition involving many of the top commercial developers in the St. Louis market.

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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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