ICL NORTH AMERICA, INC. (ST. LOUIS, MO)
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• Close proximity to I-64 to the North and I-44 to the South.
• ICL is a global manufacturer of products based on unique minerals and employs a workforce of 13,000.
• ICL is publicly traded on two exchanges: the NYSE and the Tel Aviv Stock exchange. (NYSE/TASE: ICL)
• ICL signed a new 15-year absolute net lease in 2017.
• They have been at this location since 2004, and expanded the facility in 2016 by doubling the size of their facility.
Marcus & Millichap is pleased to present the opportunity to acquire 373 Marshall Avenue in St. Louis, Missouri. The subject property consists of approximately 26,894 square feet of Research and Development space and is situated on approximately 3.93 acres of land. Built in 2005/2016, the subject property is in close proximity to Interstate 64 to the north and Interstate 44 to the south. Tenant ICL North America, Inc signed a new 15-year absolute net lease in 2017 and has been at this location since 2004. ICL expanded the facility in 2016 by doubling the square footage of the facility to include an expanded bakery pilot plant, a test kitchen, a protein synergies lab, sensory evaluation facilities, and new advanced technology for dairy, beverage and meat processing applications. Total spent on expansion was $7.845 million by the property ownership entity and over $1.75 million by the tenant for new equipment, showing a high commitment to the site.
ICL North America, Inc is a global manufacturer of products based on unique minerals and employs a workforce of 13,000. A global manufacturer of products based on unique minerals, ICL fulfills humanity’s essential needs, primarily in three markets: agriculture, food and engineered materials (icl-group.com). The Technical Application Facility expansions come as a response to customers’ requests to have a local application research support team to work alongside them for problem solving, training and developing new prototypes and formulations. Additionally, these new resources will enable ICL Food Specialties scientists to conduct unique texture analysis, functional comparisons and a variety of other performance tests – all which combine to accelerate product development.
ICL North America, Inc is publicly traded on two exchanges the New York Stock Exchange and the Tel Aviv Stock exchange (NYSE/TASE: ICL). The company experienced top line growth and margin expansion in all of their value chains for their full year 2018— an 8 percent increase in sales excluding divested businesses. In 2018, ICL reported $5.56B in annual revenue and an EBITDA of $1.16B.
The St. Louis metro is near the geographic center of the United States, within 500 miles of one-third of the U.S. population, and has more than 2.9 million residents. The metro encompasses the city of St. Louis; the Missouri counties of St. Charles, Jefferson, Franklin, St. Louis, Lincoln, Warren and Washington; and the Illinois counties of Madison, St. Clair, Macoupin, Clinton, Monroe, Jersey, Bond and Calhoun. St. Louis is the most populous county with 1 million people. The city of St. Louis, which is located at the confluence of the Mississippi and Missouri rivers, is the only city in the metro with a population of more than 300,000 citizens. St. Louis is home to 16 Fortune 1,000 headquarters and 10 Fortune 500 Companies. The city has been named the “Ultimate Sports City” and is home to Busch Stadium, Enterprise Center, and The Dome at America’s Center. The St. Louis art museum and Fox Theatre are also area attractions. As Saint Louis continues to be a desirable industrial market for investors, a recent report ranked Saint Louis as the tenth industrial market to watch in 2019.