skip to main content
Investor Portal

Leasing Momentum at Crosstown Logistics Park

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.

 

  • 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.
  • 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.