Delivered December 2022, leasing activity at Summit Real Estate Group’s Crosstown Logistics Park has already exceeded initial projections. The Class A, 243,984 SF multi-tenant warehouse building is located in St. Louis’ Central County submarket. Ideally situated beside I-170, the rear-load building provides direct access to all of St. Louis’ major business centers as well as St. Louis Lambert International Airport (5 miles). With its flexible, multi-tenant design and an opportunity for outside storage or trailer parking, the building was designed to accommodate a broad spectrum of modern industrial users.
Summit engaged Cushman & Wakefield (Tripp Harden) to market the ground-up, speculative development project. Today, the building is 88% leased to two tenants.
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St. Louis-based Arizon Companies is leasing 114,816 SF for their HVAC division. The Arizon lease was executed prior to the building’s completion and commenced December 2022.
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Charlotte, NC-based Snap One (NASDAQ: SNAP) is leasing 100,011 SF to better serve their partners and end customers seeking smart home and business solutions. The Snap One lease commences April 2023.
Cushman & Wakefield continues to market the remaining 29,157 SF prime end-cap space. Summit anticipates interest in modern, well-located industrial space like Crosstown Logistics Park remaining strong throughout 2023.