January 7, 2020 Comments (0) Views: 183 Chicago News, Midwest News

Duke Brings St. Louis-Area Business Park to 100% Occupancy

Duke Realty Corporation signed a long-term lease with Distribution Management, Inc. for Premier 370 Business Park 1001. The imaging supplies distributor and omni-channel order fulfillment company will occupy the entire 375,200-square-foot warehouse located at 1001 Premier Pkwy. in St. Peters, MO, a St. Louis suburb.

With this lease, all 2.5 million square feet in five buildings that Duke Realty has developed in Premier 370 Business Park, located just west of St. Louis off I-370, are 100% occupied.

“Distribution Management, like our other valued tenants in the park, benefit from Premier 370’s superior connections to I-70 and I-270 via I-370 which runs along the north side of the development, and its proximity to a large and skilled labor pool in St. Charles County,” said Duke’s Matt Hrubes.

NKF’s Art Leichner and Andrew Crites and Newmark Grubb Zimmer’s Kevin McLaughlin and Dan Lesinski represented Distribution Management. Colliers International’s Geoff Orf advised ownership.

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