JLL will manage five St. Louis-area industrial developments totaling nearly 1.5 million square feet valued at about $61 million.
SparrowHawk Real Estate Strategists, a Houston-based company, currently uses JLL to manage its 502,500-square-foot cross-docked warehouse/distribution center at 1659 Sauget Business Boulevard in Sauget, Illinois. The company recently moved the remainder of its industrial portfolio to JLL for management.
SparrowHawk’s St. Louis portfolio being managed by JLL includes:
– 1619 Park 370 Court, Hazelwood, Missouri, a 213,558-square-foot cross-docked development;
– 4847 Park 370 Blvd., Hazelwood, Missouri, an 84,500-square-foot Class A warehouse building;
– 800 Jefferson St., Pacific, Missouri, 204,361-square-foot warehouse building;
– 1250-1280 Interstate Drive, Wentzville, Missouri, a 420,000-square-foot Class A, rail-served distribution center.
Space is available for lease in all five developments.
The SparrowHawk properties bring JLL’s total commercial property management in the St. Louis market to 14.7 million square feet, said Henry Voges, property management leader for JLL.
