Clark Properties Saint Louis Portfolio – Marcus & Millichap is pleased to present the opportunity to acquire the Clark Properties Portfolio in the Saint Louis, Missouri market. Clark Properties Saint Louis Portfolio consists of three separate industrial sites: Alton Center Business Park positioned at 1410 to 1450 Discovery Parkway in Alton, Illinois; Riverview Industrial Center situated at 9215 Riverview Drive in Saint Louis, Missouri; and Union Seventy Center Business Park located at 3901 Union Boulevard in Saint Louis, Missouri.
Alton Center Business Park comprises approximately 450,400 square feet of industrial space and is positioned on approximately 134 acres of land. The multi-tenant asset is anchored by Imperial Manufacturing/IMG USA, Inc. Featured highlights ranging from 23’ to 25’ clear height, 22 dock-high doors, five grade-level doors, three-phase power with minimum 800-1,200 amps at each suite/address and a building coverage ratio of 8 percent. The property sits adjacent to two separate rail lines serviced by Union Pacific and Norfolk Southern as well as easy access to the Clark Bridge that connects Illinois and Missouri over the Mississippi River. At 71.2 percent occupied, the Alton Center Business Park offers a value-add lease-up opportunity.
Riverview Industrial Center contains approximately 210,754 square feet of industrial space across 25.48 acres of land. The fully leased multi-tenant asset is anchored by Home Depot USA, Inc. The property features three suites, 12 dock-high doors, five grade-level doors, one city-high door and seven rail-access doors, a clear height ranging from 12’ to 43’, three-phase power with 1,200 amps, and a BNSF rail spur. Additionally, the building’s coverage ratio of 19 percent makes the property ideal for outdoor storage use which the tenants heavily utilize.
Union Seventy Center Business Park consists of approximately 1.659 million of rentable square feet of industrial space and is situated on a combined 99.669 acres of land. Anchored by Clark Logistic Services, Triad Manufacturing, and Iron Mountain, the multi-tenant asset features 25 suites, 132 dock-high doors, 26 grade-level doors, and a Terminal Railroad Association of St. Louis rail spur. The property includes 10 paved lots approximating 27 acres of parking lot/outside storage.
All three sites that make up the Clark Properties Saint Louis Portfolio enjoy rail capabilities that directly connects to one of the nation’s largest rail hubs. Additionally, each property contains valuable parking lot/industrial outdoor storage. Since these properties include heavy tenant improvements that allow for specialized manufacturing and shipping activities, the anchoring tenants are relatively less sensitive to rent increases. Given the current economic environment of rising industrial vacancy rates, falling rent growth, and high inflation, it is imperative for investors to own specialized assets. This sale offers investors the opportunity to acquire a diversified portfolio with pricing power in a market whose fundamentals outperform most of the top markets across the nation. At 4.9 percent, the industrial vacancy rate in Saint Louis sat 170 basis points lower than the national average at the midway point of 2024 (CoStar, top 50 metros, minimum 10,000 square feet).
BROKER OF RECORD
STEVEN WEINSTOCK
Illinois Broker of Record
One Mid America Plaza, Suite 200
Oakbrook Terrace, IL 60181
Steven.Weinstock@MarcusMillichap.com
License #: 471.011175
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAF0370360, ZAF0370361, and ZAF0370362.)
