AIR PRODUCTS SELECTS SITE FOR $54 MILLION PRODUCTION FACILITY

ST. CHARLES, MO. — Air Products has selected Fountain Lakes Commerce Center, which is located at Interstate 370 and Elm Street in St. Charles, as the site for its new 269,837-square-foot production facility. Korte Construction is building the two-phased, $54 million project. The first phase of the project will consist of a 98,047-square-foot facility that is slated for completion by the middle of next year; the second phase will consist of a 171,790-square-foot facility that is scheduled to open in 2010. The Millstone Company is the owner and developer of the 475-acre Fountain Lakes Commerce Center. Tom Erman and Kevin McKeon of NAI DESCO represented Air Products in its acquisition of the 12-acre site. The new facility will allow Air Products to increase output of its membrane products by more than 50 percent. The company currently operates a membrane production facility at 11444 Lackland Ave. in St. Louis County. Upon completion of the new facility, the existing plant will continue to operate.