NorthPoint Development has announced plans for a new 600-acre, 7-million-square-foot institutional quality industrial park in Pontoon Beach, Illinois, in the St. Louis market. Gateway TradePort will begin taking shape this March when crews break ground on the park’s lead building, Gateway TradePort 1, a 540,000-square-foot building set to deliver in early fourth quarter of this year.
NorthPoint has retained commercial real estate firm JLL as the exclusive leasing agent and marketer for the project. David Branding, managing director of JLL’s industrial real estate platform, has been named the project’s lead leasing agent. The company previously represented NorthPoint’s Hazelwood Logistics Center, which delivered its last of eight fully occupied buildings in July 2018.
Gateway TradePort is located at the intersection of I-270 and I-255 in one of St. Louis’ fastest growing submarkets; an area that has delivered more than 5 million square feet of new industrial warehouses since 2014. NorthPoint has delivered more than 3.7 million square feet of new industrial warehouses in St. Louis. This is the company’s fourth industrial development in this market since 2016, and its first development in St. Louis’ Metro East submarket. NorthPoint closed on the land purchase on January 31, 2019.
