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Lincoln Lands 8-Property STL Logistics Portfolio for $49M
Lincoln Property Company acquired the STL Logistics Portfolio in Hazelwood, MO from Boston-based Colony Realty Partners for $49.2 million. The portfolio comprises two adjacent industrial parks: Lambert Pointe Business Center, which includes six buildings totaling 624,116 square feet, and McDonnell Pointe Business Center, which includes two buildings totaling 115,640 square feet.
The assets are presently 100% leased to a diverse 21-tenant roster anchored by Monsanto, Access, Aesculap, Buckeye International and Ryder.
NKF’s Edward Maher, Matthew Pullen and James Tribble oversaw the transaction of the eight-building industrial portfolio, along with with NKF’s Jay Kerley and Block Hawley’s Jeffrey Hawley.
“Located just 20 miles northwest of St. Louis, the STL Logistics Portfolio benefits from an exceptional ‘last-mile’ distribution location,” said Pullen. “The assets comprise the exact type of infill, multi-tenant distribution facilities that are highly sought after in today’s marketplace for their high quality, flexible design and modern infrastructure.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


