This article originally ran in the St. Louis Business Journal on April 6, 2022.
Construction is underway on one of the St. Louis region’s largest speculative warehouses, a building that could expand due to growing demand in the industrial market.
Global real estate firm EQT Exeter is developing a warehouse with 800,000 square feet of space in the Gateway Commerce Center in Edwardsville, with construction scheduled to finish by fall. The only larger speculative warehouse being built in the region is a 1 million-square-foot warehouse from NorthPoint Development, also located in the Metro East industrial park.
The new spec warehouse, at 5710 Inner Park Drive, is the second in a pair of warehouses commissioned by EQT Exeter and built by Edwardsville-based Contegra Construction. The first warehouse, at 5715 Inner Park Drive in Gateway Commerce Center, measured 674,000 square feet and is now fully leased.Read More