Soulard Commerce Center, a Class A warehouse building located in the 35-acre Soulard Business Park, is complete and available for leasing, according to JLL.

Developed by The Opus Group, the 154,937-SF spec warehouse is the first modern industrial building in the area since 2004. The building can accommodate final-mile destination warehouse and delivery, light manufacturing or general office/warehouse uses.

“This area of the city, and for that matter points further south in the city and county, are the most supply constrained in our market when it comes to modern industrial building product. It is a swath of the market with significant barriers to developing at scale, and The Opus Group has achieved that in Soulard Commerce Center. In the process, they’ve created a unique alternative for industrial occupiers who previously had to consider locations further away from their customer and employee bases,” said Pat Reilly, executive vice president of industrial leasing for JLL.

Soulard Commerce Center is designed for multiple tenants with individual build-to-suit spaces starting at about 22,000 SF. It features 32-foot, clear-height ceilings and 24 trailer parking stalls to suit a variety of uses, including e-commerce and urban logistics.

With easy access to Interstates 44, 55, 70 and 64, the building location can meet the distribution needs of modern final-mile networks, which have become more important with the explosive growth of e-commerce.

“The recent boom in e-commerce has created an increased demand for modern industrial space,” said Ryan Carlie, director of real estate development at Opus. “Soulard Commerce Center provides tenants a diverse space that can accommodate a variety of needs within a convenient and desirable location.”

The building benefits from 25-year real estate tax abatement. Base rent for the building is $6.50 per square foot.