A pair of globally renowned enterprises have signed on to lease space at Fenton Logistics Park.
Hubbell-Killark and BASF are set to occupy 240,000 square feet at the site of the former Chrysler assembly factory in Fenton, MO.
US Capital Development (formerly KP Development) is spearheading the development of Fenton Logistics Park. The industrial park is the firm’s most notable project in the St. Louis Metro region.
A welcome boost to the St. Louis area economy
Upon completion, the project will yield 2.5 million square feet of usable space, which will be allocated as follows:
- 1.5 million square feet for warehouse storage, logistics, and manufacturing facilities
- 480,000 square feet for office, warehouse, and flex space
- 182,500 square feet for retail outlest, restaurants, and hotels
The final cost for the entire project is estimated to reach over $250 million. This massive undertaking is expected to create 2,500 to 3,000 new and permanent jobs for St. Louis Metro area residents.These employment opportunities are estimated to boost the local economy with an additional $135 million in wages.
Transforming the landscape
The addition of Hubbell-Killark and BASF among Fenton’s primary tenants is consistent wth the developer’s vision to transform a brownfield site into a coveted, state-of-the-art industrial and commercial complex.
“The significant commitment from both Hubbell-Killark and BASF is expanding the total number of quality, skilled jobs within Fenton Logistics Park to nearly 700,” said Scott Sachtleben, managing principal of US Capital Development.
“Now that approximately one third of the industrial opportunity within the park has been consumed, the momentum is only increasing.”
Hubbell-Killark and BASF will join Alkem Labs, Beckwood Press Co., BJC’s Clinical Asset Management Division, and CoreLink, which are already operating within Fenton Logistics Park.
Hubbell-Killark is a globally recognized provider of integrated electrical industrial products and solutions. The company will occupy Building IV, a 160,000-square-foot facility, as the sole tenant. They will be transferring from their current address along Martin Luther King Drive in East St. Louis.
“Fenton Logistics Park is a perfect fit for our company,” said Warren Jenkins, general manager of Hubbell-Killark. “The Hubbell-Killark organization is excited about our new home.”
Jenkins noted that moving the company’s manufacturing operations, warehouse, and offices “under one roof” will result in significant efficiencies that will improve its long-term performance.
“One of our main initial goals is to optimize material flow throughout the facility and maximize production output,” Jenkins added. “In addition, this new facility will be a far more energy efficient building.”
The BASF Group is the world’s largest producer of industrial chemicals, with a presence in more than 80 countries around the globe. The German enterprise is leasing an 80,000-square-foot space in Building III to house its agricultural services division.
The move to Fenton will consolidate two of the company’s three existing locations around the St. Louis area.
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