Panattoni Development Negotiates Lease with Executive Express
Thursday, February 3rd 2011
St. Louis, MO–Panattoni Development Company, Inc. recently negotiated a 95,000 square foot lease with Executive Express, the parcel delivery company. The building is located at 5485 Brown Avenue in St. Louis.
The 148,000 square foot facility features 35 dock doors and 25 trailer spots. The lease is a reflection of the firm’s expansion to a modern distribution facility. Executive Express will be utilizing the space for general warehouse and logistics purposes.
Gary Parker, Dan Merlo and Dan Dokovic of Principal Commercial Real Estate Company represented Panattoni Development Company in the transaction.
Panattoni Development Company is a privately held, full service development company founded in 1986. The firm has completed in excess of 150 million square feet of space worldwide. Panattoni has developed industrial, office and retail facilities in more than 240 markets. The firm is headquartered in Sacramento, California, and maintains 26 offices throughout the United States, Canada and Europe.