US CAPITAL DEVELOPMENT (USCD) – formerly operating under the name KP Development – today announced that Fenton Logistics Park (FLP) is preparing to add another 150 jobs at the site of the former Chrysler Plant as two more tenants have signed leases to move into the park in Q1 2019. Skin Specialty Solutions, Inc., and Nexius Solutions, Inc. signed leases totaling just under 100,000 square feet in two separate buildings in the growing industrial park. USCD wholly owns FLP and has already delivered more than $100 million in development at the site.
Skin Specialty Solutions, Inc., leased the remaining 48,080 square feet in Fenton Logistics Park I, the first speculative building in the park which has 159,950 square feet that is now 100% leased. The company is expected to move into their new space in February of 2019 and will be creating 100 new jobs. Skin Specialty Solutions, Inc., is an online, customized skincare company that created a secure, proprietary web-based technology that allows for personalized attention online.
Nexius Solutions, Inc. has inked a deal for 51,772 square feet in Fenton Logistics Park III, bringing the 169,543 square foot speculative building to 77% leased. They are scheduled to occupy their new space in February of 2019 and will be creating an estimated 50 new jobs. Nexius provides end-to-end deployment services and solutions on the latest technologies. Their services include designing, optimizing, deploying and delivering state of the art networks.
“With every tenant signed, we see increased interest in Fenton Logistics Park from others who are seeking the flexibility that new construction offers, yet desire an exceptional location that also delivers an available work force,” said Scott Sachtleben, managing principal of USCD. “Those are the same advantages that drew these two newest tenants and those that signed up over the past year, and we look forward to welcoming may more as we continue to build out the park.”
The comprehensive redevelopment of the former Chrysler Plant reflects a transformation of a brownfield site advancing toward a state-of-the-art industrial and commercial development where tenants continue to quickly occupy the new buildings. The newest tenants will join BASF, BJC, Hubbell and others, which collectively are bringing new life to the site. Upon completion, the overall project investment will achieve 2.5 million square feet of development with a value in excess of $250 million.
Jon Hinds and Katie Haywood of CBRE represented USCD in the transactions. Skin Specialty Solutions, Inc., was represented by Hal Ball at Hilliker Corporation. Nexius Solutions, Inc were represented by Jeff Hawley and Brandon Duncan at Block Hawley.
US Capital Development, formerly known as KP Development, is a real estate development company based in St. Louis with a second office in Indianapolis and has origins dating back to 1994. The firm’s efforts are now aligned under three distinct business platforms: industrial speculative development, commercial build-to-suit projects and a senior housing division operating under the brand “Oakleigh Development.”
