SOURCE: Becknell Industrial

Becknell Industrial

March 11, 2015 09:14 ET

Becknell Industrial Announces St. Louis Acquisition

INDIANAPOLIS, IN--(Marketwired - March 11, 2015) - Becknell Industrial announced today that has acquired a single tenant industrial building totaling 109,615 square feet in the Earth City submarket of St. Louis, Missouri. Located in the Earth City Business Park, the property has excellent access to Interstates 70 and 270 which provides convenient access to the entire St. Louis MSA.

Built in 1987, the property is situated on 8.4 acres and features 24' clear height, 10 loading docks and 2 drive-in doors. The property is fully leased to Automation Services, a global leader in high-quality remanufactured process controls that is known industry-wide for outstanding quality, on-time deliveries and exceptional service and support.

Paul Hilton and Michael Hanrahan of DTZ represented the seller.

"Located in the premier submarket of St. Louis, this acquisition offered Becknell the opportunity to strengthen its presence in the market where it now owns more than 500,000 square feet," said Pete Anderson, Becknell's Executive Vice President Investments.

About Becknell Industrial
Becknell Industrial specializes in the development, investment and management of industrial real estate across the United States. The company currently owns interests in 122 properties totaling more than 12 million square feet. Vertically integrated, Becknell is responsible for every aspect of the project providing the decision-making authority and expertise to meet client expectations for a high-performance facility delivered on time and on budget. More information about Becknell is available at www.becknellindustrial.com.

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