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News release

ST. LOUIS, MO

NorthPoint Development Aquires 470K SF Premier Distribution Facility in St. Louis

JLL Represents Buyer; Initiates Aggressive Leasing Effort


ST. LOUIS, MO.; MARCH 10, 2015 — NorthPoint Development has purchased a 470,000-square-foot Class A distribution and manufacturing facility in St. Louis, MO, announced JLL. The building had been occupied exclusively by the seller, Forest Pharmaceuticals, which vacated in January after being aquired by Actavis.

David Branding, a vice president with JLL, represented the buyer in the purchase. Branding also will handle the leasing of the facility, 13600 Shoreline Dr. in Earth City, in northwest St. Louis County.

JLL statistics show that there are only five other Class A industrial spaces larger than 100,000 square feet and only three other buildings with more than 200,000 available square feet throughout the St. Louis metropolitan area.  

“This is St. Louis Metro’s premier distribution and manufacturing facility and a one of a kind opportunity for high image, corporate headquarter space and high grade distribution and manufacturing uses,” Branding said. “There are few buildings of this size on the market and none offer the same mix of specialized features, amenities, and location.”

The space is spread over two buildings. The facility is ideal for one large user or can be divided to accommodate tenants ranging from 125,000 to 470,000 SF.

The facility is unique in that it performs well for many uses, from straight forward Class A distribution to corporate headquarters requiring heavy office and up to its former pharmaceutical grade packaging and distribution use.  With ESFR fire suppression, 28’ clear heights, cross dock and trailer storage capabilities, 6,000 AMP power, 100% climate control, 350+ car parking and cGMP certification, the facility works for nearly all requirements.

The property is located in a key distribution sector near Lambert-St. Louis International Airport and within three miles of I-70, Highway 370 and I-270.  
 
About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $53.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.​