Panattoni Selected to Develop Major Build-to-Suit Project for International Food Products
Thursday, March 21st 2013
St. Louis, MO–Panattoni Development Company, Inc. has been awarded a contract to develop a 227,500 square foot build-to-suit facility in Hazelwood, MO, a suburb of St. Louis. The site of the project is located in Aviator Business Park, a 160-acre mixed commercial development project located at the intersection of I-270 and Lindbergh Boulevard. The development should be completed by December 2013.
International Food Products Corporation, a St. Louis based food ingredient distributor and manufacturer, will be the tenant in the facility. International Food Products will be consolidating 2 existing locations in the area. The firm will be combining its distribution center with its production and R&D operations. The building will be a 32’ clear height, cross-docked facility with rail service provided by Norfolk Southern.
Clayton Brown, CEO of International, said, “We are looking forward to moving into the new facility and to the city of Hazelwood. By bringing the two operations together, our goal is to make it easy for our customers to work with us and realize operating efficiencies.”
“The news about International Food Products Corporation consolidating its local operations at Aviator Business Park is not only good for Hazelwood, but also for the St. Louis metropolitan region. This addition will help create more jobs and strengthen the area’s industrial base. We applaud Panattoni’s efforts in doing a tremendous job redeveloping the former Ford plant site at Aviator Business Park,” Hazelwood Mayor Matthew G. Robinson said.
Representing Panattoni in the transaction was Tim Convey, Brian Bush and Ben Haas of CBRE; the tenant was represented by Bryan Ziercher & Jim Mosby of Cassidy Turley. International also utilized the law firm of Polsinelli to review all lease documents.
Mark L. Branstetter, Partner said “Aviator Business Park has become a very attractive location for companies looking for modern space in today’s market. It offers a number of advantages, including heavy existing infrastructure, great highway, airport and rail access, a solid labor market and a business-friendly civic environment.”
This project, known as Aviator 4, is a joint venture between Prudential and Panattoni. J.P.Morgan is providing the debt.
The architect is Gray Design Group. Civil Engineer is Clayton Engineering. General Contractor is Kadean Construction Company.