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NorthPoint to break ground at new industrial park in Hazelwood

NorthPoint to break ground at new industrial park in Hazelwood
June 4, 2018 Evan Glantz

This story was originally published in the St. Louis Business Journal on June 2, 2018.


Steph Kukuljan | St. Louis Business Journal


“NorthPoint Development will break ground on an industrial spec building June 7 at its new Hazelwood TradePort development.

The 252,272-square-foot facility is expected to be completed this fall at Hazelwood TradePort, a new 325-acre industrial park near St. Louis Outlet Mall that could house up to 4 million square feet of new construction.

The Class-A park in north St. Louis County has an 18-year real estate tax abatement that’s not subject to reassessment. All buildings and roads will be elevated above the 500-year floodplain. CBRE’s Brian Bush and Jon Hinds are marketing the building. CBRE marketing materials show an asking rate of $4.95 per square foot. The average lease rate in the North County submarket is $4.49 per square foot, according to a recent Gershman Commercial Real Estate report…”

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