Friday, May 15, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Missouri

IndustrialLeasing ActivityMidwestMissouri

CBRE Pre-Leases 382,105 SF of Industrial Space at Aviator Business Park in Metro St. Louis

by Kristin Harlow

HAZELWOOD, MO. — CBRE has pre-leased a total of 382,105 square feet of industrial space to four tenants at Aviator Business Park in Hazelwood, a suburb of St. Louis. The pre-leased space is part of the latest expansion to the 155-acre industrial park. Three new buildings are slated to open later this month and are now 60 percent pre-leased. The new tenants include Pretium Packaging, which leased 178,128 square feet in Aviator 6; Federal Moving and Storage, which leased 97,734 square feet in Aviator 6, Community Wholesale Tire, which will occupy 76,058 square feet in Aviator 2; and Rivian, which inked a lease for 30,185 square feet in Aviator 5. Katie Haywood and John Frith of CBRE handled lease negotiations on behalf of the landlord and developer, California-based Panattoni Development Co. Inc. Kadean Construction is the general contractor. Panattoni purchased the Hazelwood Ford property in 2008 with plans to build Aviator Business Park. To date, the developer has completed six buildings that are fully occupied by tenants such as Graybar, International Foods and Weekends Only. Once the three new buildings are completed, the park will total more than 2.7 million square feet.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialMarket ReportsMidwestMidwest Market ReportsMissouri

Record Construction Fuels Industrial Market Activity in St. Louis Region

by Kristin Harlow

By Mary Lamie, Bi-State Development Modern bulk distribution buildings under construction in the St. Louis region hit a historic high earlier this year, approaching 8 million square feet. The record level of construction illustrates the industrial real estate market in the southwestern Illinois and eastern Missouri region continues to expand to meet ever-increasing demand as world and domestic markets strive to move beyond the disruption that has defined the past two years.  The need for reliable freight logistics and flexible supply chains is proving more essential than ever to keep economies moving, and regions that can meet those needs while delivering the modern bulk and manufacturing space distributors and developers demand will have the greatest potential for continued growth. In mid-2022, nearly 7.4 million square feet remained under construction in the St. Louis region, a level of construction 78 percent higher than 2021 and 47 percent higher than the most recent five-year average.  Also noteworthy is the fact that 100 percent of the modern bulk construction projects underway is speculative. That represents more speculative activity in the region today than in 2019, 2020 and 2021 combined, a clear indication that developers believe the St. Louis market is a solid place …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMidwestMissouri

White Co. Acquires Three Industrial Buildings in Missouri’s Meadows Corporate Center

by Kristin Harlow

MARYLAND HEIGHTS, MO. — White Co. has acquired three multi-tenant industrial buildings totaling 133,015 square feet in Meadows Corporate Center in Maryland Heights, a western suburb of St. Louis. The purchase price was undisclosed. White Co. has negotiated two new leases for the properties, bringing the overall occupancy to 87 percent. Tom Schenk represented White Co. on an internal basis, while Will Mura of CBRE represented the undisclosed seller.

Continue Reading
FacebookTwitterLinkedinEmail
KansasMarket ReportsMidwestMidwest Market ReportsMissouriMultifamily

No End Is in Sight for Kansas City’s Multifamily Development Needs

by Kristin Harlow

By Chris Armer, Hoefer Welker People who call the Kansas City metropolitan area home know it’s a desirable place to live. From the robust job market and vibrant arts scene to its rich history and, of course, stellar sports teams, the Kansas City metro area attracts a diverse group of people. Kansas City is evolving and so are its housing needs.  In recent years, the demand for multifamily development in Kansas City has grown, driven by a range of factors. Mass retirements and flexible work arrangements are shifting priorities, while the housing shortage and rising interest rates are sending prospective homeowners on the search for attractive alternatives. The multifamily housing trend stands to gain momentum, creating a space for discerning real estate and architecture firms with development expertise to pave the way in an evolving housing market.  The great shuffle   Much has been said about the Great Resignation, but the COVID-19 pandemic didn’t only affect young and midlife workers who left their jobs to pursue higher-paying and more meaningful employment. It also hastened the Great Retirement, a massive wave of baby boomers leaving the workforce, many of them earlier than planned.  Now those homeowners are selling their suburban single-family …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMissouriMultifamilyStudent Housing

JLL Brokers Sale of 656-Bed Student Housing Community Near University of Missouri

by Kristin Harlow

COLUMBIA, MO. — JLL Capital Markets has brokered the sale of The Wylder, a 656-bed student housing community located near the University of Missouri in Columbia. Built in 1989 and renovated in 2000, The Wylder features a pool, study room, computer room, fitness center and sport courts. Teddy Leatherman, Stewart Hayes, Scott Clifton and Henry Voges of JLL represented the seller, Trimont Real Estate Advisors. Tailwind Group acquired the asset for an undisclosed price.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMissouriRetail

IMPACT Strategies to Convert Former Bank Building into Medical Marijuana Dispensary in Missouri

by Kristin Harlow

BRIDGETON, MO. — IMPACT Strategies is beginning work this month on a project to convert a former Bank of America branch building into a medical marijuana dispensary for Proper Cannabis in Bridgeton, a northwest suburb of St. Louis. The 2,500-square-foot project will include renovations to both the building’s interior and exterior. The building marks the third location that IMPACT has built for Proper Brands. The $1 million project is slated for completion in November. Proper Brands also operates locations in Crestwood, Warrenton and South County, Mo.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMissouriMultifamily

Mia Rose Holdings, Midas Capital to Develop 144-Unit Apartment Complex in Lake St. Louis

by Kristin Harlow

LAKE ST. LOUIS, MO. — Mia Rose Holdings and Midas Capital are developing a 144-unit apartment complex in Lake St. Louis, a northwest suburb of St. Louis. Completion is slated for December 2023. Midas Construction is the general contractor and Rosemann & Associates PC is the architect. The property manager will be 2B Residential. Amenities will include a pool, sun deck, outdoor lounge, barbecue area, clubhouse, coffee bar, fitness center and golf simulator. The development’s 60 two-bedroom units and 84 one-bedroom units will be spread across four buildings. The two-bedroom units will average 1,135 square feet while the one-bedroom units will measure approximately 825 square feet.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMissouriMultifamily

Draper and Kramer Opens Moda at The Hill Apartment Community in St. Louis

by Kristin Harlow

ST. LOUIS — Draper and Kramer Inc. has opened Moda at The Hill, a 225-unit apartment community in The Hill neighborhood of St. Louis. The four-story building offers a mix of one- and two-bedroom units ranging from 600 to 1,200 square feet. Monthly rents start at $1,373. Amenities include lounge areas, a fitness center, game room, coworking spaces, pet care facilities, a dog park, courtyard, pool, grilling stations, fire pits and garage parking. Moda at The Hill is part of a larger 11-acre master plan led by Draper and Kramer that also includes single-family homes by McBride Homes and a community park space.

Continue Reading
FacebookTwitterLinkedinEmail
Build-to-RentLoansMidwestMissouriNorthmarqSingle-Family Rental

Northmarq Arranges $23.5M Construction Loan for Build-to-Rent Townhome Development in Missouri

by Kristin Harlow

CHESTERFIELD, MO. — Northmarq has arranged a $23.5 million loan for the construction of the Terraces at Wildhorse Village in Chesterfield, a western suburb of St. Louis. The 70-unit, luxury build-to-rent project is part of the larger Wildhorse Village, a $500 million mixed-use development. Each of the townhomes will feature three bedrooms spanning 2,250 square feet and include two-car garages. Construction is expected to begin later this summer and be completed in roughly 12 months. David Garfinkel of Northmarq arranged the five-year, fixed-rate loan through regional bank INB. St. Louis-based Pier Property Group (PPG) was the borrower. The Terraces will be located immediately adjacent to the Flats at Wildhorse Village, PPG’s 266-unit luxury apartment development that is slated for completion in fall 2023.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMissouriMultifamily

Milhaus Begins Development of $66.8M Apartment Complex in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Milhaus has begun development of a $66.8 million apartment complex in Kansas City’s Volker neighborhood. The yet-to-be named project will consist of 226 studio, one- and two-bedroom units. Amenities will include a coworking area, conference spaces, fitness center, movie room, outdoor pool, pet spa, package room and garage parking. Financing came from Cadence Commercial Real Estate, Humphreys Capital and CrossFirst Bank. Helix is the architect and interior designer, while Taliaferro & Browne Inc. is the civil engineer. The project marks Milhaus’ ninth in metro Kansas City and will bring its total apartment count in the area to nearly 2,000 units. Completion is slated for October 2024.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts