New TradePort Logistics Park Breaks Ground Near Hazelwood Mall

By on June 12, 2018

From St. Louis Post-Dispatch:  Kansas City developer NorthPoint Development broke ground Thursday on its first warehouse in a new Hazelwood industrial park north of the St. Louis Outlet Mall.

The 250,000 square-foot speculative industrial building will be the first in the new Hazelwood TradePort and should be completed this fall.

The building could be the first of as many as eight industrial and logistics buildings on the 385-acre site. The developer has recently built out Hazelwood Logistics Center, a fully-developed 150-acre business park that includes tenants such as Amazon and Bunzl Distribution.

Hazelwood has approved 18 years of property tax abatement for the buildings, worth about $55.5 million over the life of the subsidy. The city has extended generous incentive packages for many of its business parks.

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