Telecom equipment supplier is second tenant in park’s first building
JLL’s industrial brokerage team announced today that SoTel Systems has leased space in the River City Industrial Park in south St. Louis.
SoTel, a telecommunications equipment supplier, is leasing 50,083 square feet in Building 1 of the River City development, a business park located on the Mississippi River near the Carondolet neighborhood. JLL is the exclusive broker for the park.
JLL signed JGB Enterprises, a supplier of industrial hoses, to a lease for 50,000 square feet in the same building in December. The new lease with SoTel leaves 25,000 square feet available in that building, the first of four buildings planned for the River City development.
River City Industrial Park is situated on one of the largest pieces of vacant ground available in the city of St. Louis. Its developer, Green Street St. Louis, offers institutional scale development in an infill urban location, with access to rail and four major interstates – I-55, I-44, I-255/270 and I-70.
Like JGB, SoTel is moving from a suburban location to the city of St. Louis. The company currently has offices in Maryland Heights.
Pat Reilly with JLL’s industrial brokerage team said, “River City offers companies a great real estate option in the heart of the city with convenient access to all major highways in the St. Louis metropolitan area. As more companies begin to take notice of this development, the developers expect to fill Building 1 in the near future and break ground on the next building soon after.”
When the park is completed, it is expected to encompass four more buildings and a total of 725,000 square feet of space suitable for light industrial, warehouse, manufacturing, distribution and office/flex purposes.
River City Business Park is located on the site of the former Carondelet Coke facility and is a fully remediated “brownfield” site. Green Street is working to build a LEED (Leadership in Energy and Environmental Design)-certified business park. That certification comes with assurances that the project was designed and built with a “green” footprint – including energy conservation, water efficiency, CO2 emissions reduction and indoor environmental quality.