New 7 Million Sq. Foot Industrial Park Coming to Pontoon Beach

By on February 4, 2019

From KMOX:  A 600-acre plot of land in Pontoon Beach, Illinois will become a new 10-building industrial park.

NorthPoint Development, which recently finished a similar project in constructing the Hazelwood Logistics Center, has announced plans for a 7 million square-foot institutional quality industrial park in Pontoon Beach, Illinois. Gateway TradePort will begin taking shape this March when crews break ground on the park’s lead building, Gateway TradePort 1, a 540,000-square-foot building set to be finished by the end of this year.

NorthPoint closed on the land purchase on January 31, 2019.

The new group of buildings called Gateway TradePort will be located at the intersection of I-270 and I-255. NorthPoint says it is one of the fastest growing submarkets in the St. Louis area, with more than 5 million square-feet of new industrial warehouses built since 2014.

NorthPoint has retained commercial real estate firm JLL as the exclusive leasing agent and marketer for the project. David Branding, SIOR, managing director of JLL’s industrial real estate platform, has been named the project’s lead leasing agent. The company previously represented NorthPoint’s Hazelwood Logistics Center, which delivered its last of eight fully occupied buildings in July 2018.

NorthPoint has delivered more than 3.7 million square feet of new industrial warehouses in St. Louis. This is the company’s fourth industrial development in this market since 2016, and its first development in St. Louis’ Metro East submarket.

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