St. Louis riverfront set for major redevelopment with $1.2 billion Gateway South project

Cushman & Wakefield has been tapped by St. Louis-based Good Developments Group to market the industrial segment of Gateway South, a sweeping $1.2 billion redevelopment initiative aimed at revitalizing 100 acres along St. Louis' riverfront. The master-planned district, envisioned as a hub for innovation in construction and design, seeks to attract industry leaders through ownership, leasing, and build-to-suit options. The project is slated for a 2025 launch.

Executive Director Tripp Hardin, SIOR, and Director Keith Ziercher, CCIM, from Cushman & Wakefield, will lead outreach efforts for Gateway South, emphasizing the site’s logistics advantages and its unique positioning in the heart of St. Louis. Strategically located just south of the Gateway Arch National Park, this historic site was once a bustling industrial and trade zone, thanks to its proximity to the Mississippi River and central geography. Today, it remains ideal for diverse industrial applications, offering multimodal logistics access via river, road, and rail, plus attractive economic incentives.

The development’s vision is to create a dynamic, integrated district where the city’s existing strength in construction and advanced manufacturing can flourish. St. Louis already boasts a high per-capita concentration of talent in these sectors and the area’s affordability and quality of life position it to attract new talent while retaining its workforce. By clustering industrial, commercial, and residential spaces, Gateway South aims to foster an innovative ecosystem where collaboration across sectors can drive efficiencies and sustainability solutions critical to meeting both housing and environmental needs.

The partnership between Good Developments Group and Cushman & Wakefield combines local insight with a global platform, aiming to draw prominent manufacturers and suppliers in the building industry. This effort not only positions Gateway South as a transformative asset for the downtown riverfront but also as a catalyst for economic growth throughout the St. Louis region.

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Header image: A rendering of Good Developments Group’s $1.2 billion project to redevelop approximately 100 acres on the St. Louis riverfront. Image courtesy of Cushman & Wakefield

Sealy & Co. renews 1.6M SF lease with World Wide Technology in Edwardsville

Sealy & Co. has secured a lease renewal for two buildings with World Wide Technology (WWT) at Lakeview Commerce Center II and III in Edwardsville, Ill., covering in excess of 1.6 million SF. WWT, the company’s largest tenant, has maintained a long-term relationship with Sealy.

Lakeview Commerce Center II, located at 3971 Lakeview Corporate Dr., comprises 539,877 SF and includes a variety of enhancements. The facility, which was delivered in 2006, features 29,900 SF of office and laboratory space, T5 specialty lighting, and generators for emergency backup.

Lakeview Commerce Center III, a distribution center located next door, encompasses the bulk of the square footage with 1,109,830 SF. Originally completed in 2008, it was expanded in 2015 to add more office space, custom trailer stalls, and enhanced security measures. This building also recently earned the BOMA 360 designation for its high standards in energy efficiency, safety, security, and tenant relations.

Both properties are ideally located in the Metro East industrial submarket of St. Louis, just west of Hwy. 111, with direct access to I-270 and downtown St. Louis only 20 miles down the road.

Negotiations for the renewal were led by Sealy’s Regional Director William Shagets, with support from Cushman & Wakefield’s Ed Lampitt and Matt Eastin.

The St. Louis industrial market continues to see strong leasing activity through the third quarter of 2024 with a vacancy rate of 4.7%, according to a CBRE report (St. Louis Industrial Figures Q3 2024). Leasing activity surpassed 1.2 million SF, up 24% from the previous quarter. While the Metro East submarket had the second-highest vacancy rate in the area just under 10%, it led the region in leasing activity with 414,000 SF for the quarter.

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Header image: Lakeview Commerce Center puchased by Sealy & Co. in 2020 is located just 20 miles from downtown St. Louis in Edwardsville, Ill. Image courtesy of St. Louis Regional Freightway