Skip Ribbon Commands
Skip to main content

News release

ST. LOUIS, MO

Jones Lang LaSalle Completes 402,000-SF Industrial Lease in St. Louis

Jacobson Warehouse Company lease is largest in St. Louis County/City since 2005


ST. LOUIS, Mo., May 17, 2012 — Des Moines-based Jacobson Warehouse Company is relocating and expanding its St. Louis consumer goods third-party logistics operation into 402,000 square feet of space at Northside Distribution Center, 4702 Park 370 Boulevard in Hazelwood.

Terry Stieve and Dave Branding of Jones Lang LaSalle represented the landlord, Sacramento-based J.B. Management, which owns more than 2 million square feet of industrial space in Greater St. Louis.
 
The transaction is the largest new industrial lease in St. Louis County, St. Louis City or St. Charles County since 2005 and is representative of the significant downward movement of modern bulk vacancy rates in St. Louis County from 28.9 percent to 24.8 percent.
 
Jacobson, which is upgrading the space with climate control and other enhancements to allow for food grade products, expects to move in June 1 from from 7110 N. Broadway in St. Louis.
 
Jacobson offers end-to-end supply chain management solutions internationally and, with more than 35 million square feet, is one of the largest 3PL warehouse providers in the country.
 

John J. Sheahan, Jr., a principal of NAI DESCO in St. Louis, and Joe Lauinger, a broker with Mohr Partners' Dallas office, represented Jacobson.

For more news, videos and research resources on Jones Lang LaSalle, please visit Jones Lang LaSalle’s U.S. media center Web page. Bookmark it here: http://bit.ly/czyo1D
 
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.7 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.