The Jones Lang LaSalle (JLL) industrial brokerage team announced this week that SoTel Systems has leased more space in the River City Industrial Park in south St. Louis, Mo.
SoTel, a telecommunications equipment supplier, is leasing 50,083 SF in Building 1 of the River City development, a business park located on the Mississippi River near the Carondolet neighborhood.
JLL, the exclusive broker for the park, signed JGB Enterprises, a supplier of industrial hoses, to a lease for 50,000 Sf in the same building in December 2019. The new lease with SoTel leaves 25,000 SF available in the building, which is the first of four buildings planned for the River City development.
River City Industrial Park is situated on one of the largest pieces of vacant ground available in the city of St. Louis. Its developer, Green Street St. Louis, offers institutional scale development in an infill urban location, with access to rail and four major area interstates.
Like JGB, SoTel is moving from a suburban location to the city of St. Louis. The company currently has offices in Maryland Heights.
“River City offers companies a great real estate option in the heart of the city with convenient access to all major highways in the St. Louis metropolitan area. As more companies begin to take notice of this development, the developers expect to fill Building 1 in the near future and break ground on the next building soon after,” said Pat Reilly with JLL’s industrial brokerage team.
Upon completion, the park is expected to encompass four more buildings and a total of 725,000 SF of space suitable for light industrial, warehouse, manufacturing, distribution and office/flex purposes.
River City Business Park is located on the site of the former Carondelet Coke facility and is a fully remediated “brownfield” site.
Green Street is working to build a LEED (Leadership in Energy and Environmental Design)-certified business park. The certification comes with assurances that the project was designed and built with a “green” footprint – including energy conservation, water efficiency, CO2 emissions reduction and indoor environmental quality.