{"id":1004732542,"date":"2024-10-10T04:18:10","date_gmt":"2024-10-10T12:18:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004732542"},"modified":"2024-10-21T06:29:27","modified_gmt":"2024-10-21T14:29:27","slug":"sealy-lands-1-6-msf-renewal-near-st-louis","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/","title":{"rendered":"Sealy Signs 1.6 MSF Renewal Near St. Louis"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004732546\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/3951-lakeview-corporate-drive-4\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"3951 Lakeview Corporate Drive\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg\" alt=\"Exterior shot of the industrial building at 3951 Lakeview Corporate Drive in Edwardsville, Ill.\" class=\"wp-image-1004732546\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">Completed in 2008 and expanded in 2015, Lakeview Commerce Center III measures some 1.1 million square feet. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Sealy &amp; Company has inked a two-building lease renewal, totaling more than 1.6 million square feet, with World Wide Technology at Lakeview Commerce Center II and III in Edwardsville, Ill. WWT has been a long-term\u2014and the firm\u2019s largest\u2014tenant.<\/p>\n\n\n\n<p>Lakeview Commerce Center II is at 3971 Lakeview Corporate Drive and spans 539,877 square feet, with a range of enhancements tailored for industrial, office and lab use. Delivered in 2006, the building features 29,900 square feet of office and lab space, as well as T5 lighting and backup generators, among others.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-industrial-report\/\">E-Commerce Growth Revives Industrial Market<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Lakeview Commerce Center III is a 1,109,830-square-foot distribution building at 3951 Lakeview Corporate Drive. It was completed in 2008 and expanded in 2015 to offer additional office pods, more trailer stalls and enhanced security with multiple guard stations.<\/p>\n\n\n\n<p>The building recently was the recipient of the BOMA 360 designation for meeting high standards with regard to <a href=\"https:\/\/www.commercialsearch.com\/news\/power-tools-for-cre-energy-efficiency\/\">energy efficiency<\/a>, life safety and security, and tenant relations, as well as other considerations.<\/p>\n\n\n\n<p>Located in St. Louis&#8217; Metro East submarket, the properties are just west of Highway 111, having direct access to Interstate 270. Downtown St. Louis is some 20 miles away.<\/p>\n\n\n\n<p>Sealy Regional Director William Shagets led the negotiations on behalf of the owner, assisted by Cushman &amp; Wakefield Managing Director Ed Lampitt and Executive Director Matt Eastin.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-strong-leasing-activity\">Strong leasing activity<\/h2>\n\n\n\n<p>The St. Louis industrial market witnessed a vacancy rate of 4.7 percent in the third quarter of this year, up by only 10 basis points over the quarter, according to a <a href=\"https:\/\/www.cbre.com\/insights\/figures\/st-louis-industrial-figures-q3-2024\" target=\"_blank\" rel=\"noreferrer noopener\">CBRE report<\/a>. Leasing activity totaled more than 1.2 million square feet, up 24 percent quarter-over-quarter.<\/p>\n\n\n\n<p>The Metro East submarket had the second-largest vacancy rate in the region at 9.9 percent, marking a 100-basis-point quarter-over-quarter increase. However, the submarket saw the strongest leasing activity in the metro that quarter, totaling 414,000 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A long-term tenant fully occupies two industrial buildings in this suburb.<\/p>\n","protected":false},"author":882,"featured_media":1004732546,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,13,21742,1611],"tags":[35033,32789,32799,33298],"class_list":["post-1004732542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-midwest","category-latest","category-st-louis","tag-boma","tag-cbre","tag-cushman-wakefield","tag-sealy-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sealy Signs 1.6 MSF Renewal Near St. Louis - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Sealy &amp; Co. inked a two-building lease renewal, totaling more than 1.6 million square feet, with World Wide Technology in Edwardsville, Ill.\" \/>\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\/sealy-lands-1-6-msf-renewal-near-st-louis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sealy Signs 1.6 MSF Renewal Near St. Louis\" \/>\n<meta property=\"og:description\" content=\"Sealy &amp; Co. inked a two-building lease renewal, totaling more than 1.6 million square feet, with World Wide Technology in Edwardsville, Ill.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-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=\"2024-10-10T12:18:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-21T14:29:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\/sealy-lands-1-6-msf-renewal-near-st-louis\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/\",\"name\":\"Sealy Signs 1.6 MSF Renewal Near St. Louis - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg\",\"datePublished\":\"2024-10-10T12:18:10+00:00\",\"dateModified\":\"2024-10-21T14:29:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Sealy & Co. inked a two-building lease renewal, totaling more than 1.6 million square feet, with World Wide Technology in Edwardsville, Ill.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg\",\"width\":1000,\"height\":750,\"caption\":\"Exterior shot of the industrial building at 3951 Lakeview Corporate Drive in Edwardsville, Ill.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sealy Signs 1.6 MSF Renewal Near St. Louis\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Sealy Signs 1.6 MSF Renewal Near St. Louis - Commercial Property Executive","description":"Sealy & Co. inked a two-building lease renewal, totaling more than 1.6 million square feet, with World Wide Technology in Edwardsville, Ill.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/","og_locale":"en_US","og_type":"article","og_title":"Sealy Signs 1.6 MSF Renewal Near St. Louis","og_description":"Sealy & Co. inked a two-building lease renewal, totaling more than 1.6 million square feet, with World Wide Technology in Edwardsville, Ill.","og_url":"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-10-10T12:18:10+00:00","article_modified_time":"2024-10-21T14:29:27+00:00","og_image":[{"width":1000,"height":750,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/","url":"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/","name":"Sealy Signs 1.6 MSF Renewal Near St. Louis - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg","datePublished":"2024-10-10T12:18:10+00:00","dateModified":"2024-10-21T14:29:27+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"description":"Sealy & Co. inked a two-building lease renewal, totaling more than 1.6 million square feet, with World Wide Technology in Edwardsville, Ill.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg","width":1000,"height":750,"caption":"Exterior shot of the industrial building at 3951 Lakeview Corporate Drive in Edwardsville, Ill."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/sealy-lands-1-6-msf-renewal-near-st-louis\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Sealy Signs 1.6 MSF Renewal Near St. Louis"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/3951-Lakeview-Corporate-Drive-edited.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004732542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004732542"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004732542\/revisions"}],"predecessor-version":[{"id":1004733804,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004732542\/revisions\/1004733804"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004732546"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004732542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004732542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004732542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}