Saint Louis, Missouri – June 1, 2017 –Italian plastic manufacturer, Serioplast, closed on the purchase of a 132,000 Sq. Ft. warehouse building in North St. Louis City 70 in April 2017.
Serioplast plans to convert the building to a plastic bottle manufacturing plant to supply local consumer products industries. “This twenty-year old property has high ceilings and rail access and was a great match for their conversion,” said Chris Taff with Hilliker Corporation. Taff represented both the buyer, Serioplast, and the seller, Lineage Warehousing, in the transaction.
Serioplast has twenty plants across Europe, Africa, and Asia. The St. Louis plant will be their first location in North America.
Serioplast plans to start production in the first quarter of 2018.
“Along with the strong leasing activity we have had at our nearby Union 70 listing, this will be another great shot in the arm for the North St. Louis City economy,” said Hal Ball, principal of Hilliker Corporation who assisted Taff with the deal.
The industrial building is located on 4400 Planned Industrial Drive, St. Louis, Missouri, near Goodfellow and Interstate-70.
Hilliker Corporation, which targets regional and national entrepreneurs, is St. Louis’ largest independently owned commercial real estate company located at 1401 S. Brentwood Blvd. The firm’s agents, who each average over 15 years of experience, have completed more than 10,000 commercial transactions for industrial, office, retail and institutional clients since its inception in 1985.