By Tom Hanna, 4 years and 8 months ago
Gateway developer sells 450 acres for $16 million
Tristar Business Communities, the developer of St. Louis's 2,300 acre Gateway Commerce Center, has sold 450 acres to Trammel Crow for a reported $16 million. The park is located near I-255 and I-270 in Madison County, Illinois and has 17 buildings totalling almost 8 million square feet.
TriStar's vision is to eventually sell another 700 acres to Trammell Crow or another developer, Towerman said. TriStar, meanwhile, will develop about 80 remaining acres for retail and smaller industrial uses, he said.
Source: STLtoday - Business - Story
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