FIRST SPEC INDUSTRIAL BUILDING IN ST. LOUIS SINCE 2007 IS UNDERWAY

ST. LOUIS — TriStar Properties has begun development on the first speculative industrial building to be constructed in St. Louis since 2007, according to Cassidy Turley. The 540,000-square-foot, Class A facility at Gateway Commerce Center is slated for completion in summer 2014. The building, which is located at the intersection of Interstates 270 and 255, will provide expansion capabilities to more than 1 million square feet. Gateway Commerce Center features approximately 10 million square feet of industrial development and is home to tenants such as Unilever, Procter & Gamble Co., Ozburn-Hessey Logistics and Hershey. Ed Lampitt, senior vice president at Cassidy Turley, will lead leasing efforts for the spec facility.