St. Louis Industrial Hub Keeps Growing

By on October 5, 2018

From GlobeSt:  The reconstruction of the nation’s supply chain has already transformed the industrial markets of several Midwest cities, prized by distributors due to their central location, and the potential remains for even more explosive growth in the years ahead.

Few places better illustrate this massive change than Gateway Commerce Center across the river from St. Louis near Edwardsville IL. It currently hosts the St. Louis region’s largest industrial real estate deal in 2018 – the $115 million construction of twin one million square foot facilities for World Wide Technology.

TriStar Properties started the development in 1997, and it now has more than 12 million square feet of leased space. WWT’s two facilities will grow that to more than 14 million square feet by 2019. But local experts say that although the center is already a focal point for St. Louis’ logistics and distribution industry, 70% of its more than 2,300 acres is still untapped by developers.

“Things have been rolling right along,” Eric Gowin, managing principal of Contegra Construction, the builder of the WWT projects, tells GlobeSt.com. “I believe this could go on for another couple of years.”

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