JLL’s industrial brokerage team helped SoTel Systems lease space in the River City Industrial Park in south St. Louis.
SoTel, a telecommunications equipment supplier, is leasing 50,083 square feet in Building 1 of the River City development, a business park on the Mississippi River near the Carondolet neighborhood. JLL is the exclusive broker for the park.
JLL signed JGB Enterprises, a supplier of industrial hoses, to a lease for 50,000 square feet in the same building in December. The new lease with SoTel leaves 25,000 square feet available in that building, 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 interstates – I-55, I-44, I-255/270 and I-70.
Like JGB, SoTel is moving from a suburban location to the city of St. Louis. The company currently has offices in Maryland Heights.
When the park is completed, it is expected to encompass four more buildings and a total of 725,000 square feet of space suitable for light industrial, warehouse, manufacturing, distribution and office/flex purposes.