{"id":1004237954,"date":"2018-06-26T03:55:31","date_gmt":"2018-06-26T11:55:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004237954"},"modified":"2022-12-08T21:22:06","modified_gmt":"2022-12-09T05:22:06","slug":"pccp-tristar-build-115m-b-t-s-warehouse-in-st-louis","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pccp-tristar-build-115m-b-t-s-warehouse-in-st-louis\/","title":{"rendered":"PCCP, TriStar Build $115M Warehouse in St. Louis"},"content":{"rendered":"

By Barbra Murray<\/em><\/p>\n

\"World<\/a>

World Wide Technology project, Gateway Commerce Center, Edwardsville, Ill.<\/p><\/div>\n

PCCP LLC and TriStar Properties continue their partnership at Gateway Commerce Center in Edwardsville, Ill., with the establishment of a joint venture for the development of a build-to-suit industrial project on 160 acres within the 2,300-acre suburban St. Louis park. The real estate companies will develop two warehouse and distribution facilities, totaling 2 million square feet, to be fully occupied by World Wide Technology.<\/p>\n

Gateway Commerce Center, where the joint venture will erect the two industrial facilities, is located in the thriving Metro East submarket. The development is a prominent undertaking, as the build-to-suit lease agreement TriStar inked with WWT for the project in the first quarter of 2018 marked the largest industrial lease, by square feet, ever completed in metropolitan St. Louis. Industry experts anticipate that new industrial buildings, super-size and otherwise, will continue to pop up in the area for the foreseeable future. <\/p>\n

\u201cSpeculative construction starts, build-to-suit offerings and significant leasing and sales activity will continue across the metro, as new deliveries to the market are either pre-leased or swiftly leased by the area\u2019s constant demand,\u201d<\/em> according to a first quarter 2018 report by commercial real estate services firm Newmark Grubb Zimmer.<\/p>\n

PCCP and TriStar are on schedule to complete the two Gateway facilities in the second quarter of 2019. WWT will consolidate operations from other locations in the area at the new buildings, which will be utilized as the company\u2019s U.S. distribution center.<\/p>\n

The power of partnership<\/strong><\/h2>\n

With the completion of the WWT build-to-suit, PCCP and TriStar will have partnered on the development of seven industrial facilities totaling 5.1 million square feet at Gateway. One of the partners\u2019 earlier projects was Gateway 717, a 717,000-square-foot speculative warehouse now leased to Amazon. Earlier this year, they completed a 594,000-square-foot facility<\/a>, the partners\u2019 fifth and most recent speculative development at the park. <\/p>\n

 Image courtesy of PCCP LLC<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The joint venture is developing the two-structure, 2 million-square-foot project on 160 acres at Gateway Commerce Center in Edwardsville, Ill., for World Wide Technology. <\/p>\n","protected":false},"author":969,"featured_media":1004237960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21748,13,21742,1611],"tags":[36007,33053,37890],"class_list":["post-1004237954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-industrial","category-midwest","category-latest","category-st-louis","tag-newmark-knight-frank","tag-pccp-llc","tag-tristar-properties"],"acf":[],"yoast_head":"\nPCCP, TriStar Build $115M Warehouse in St. Louis - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pccp-tristar-build-115m-b-t-s-warehouse-in-st-louis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PCCP, TriStar Build $115M Warehouse in St. Louis\" \/>\n<meta property=\"og:description\" content=\"The joint venture is developing the two-structure, 2 million-square-foot project on 160 acres at Gateway Commerce Center in Edwardsville, Ill., for World Wide Technology.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pccp-tristar-build-115m-b-t-s-warehouse-in-st-louis\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-26T11:55:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:22:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/World-Wide-Technology-project-Gateway-Commerce-Center-Edwardsville-Ill..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pccp-tristar-build-115m-b-t-s-warehouse-in-st-louis\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pccp-tristar-build-115m-b-t-s-warehouse-in-st-louis\/\",\"name\":\"PCCP, TriStar Build $115M Warehouse in St. Louis - 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