155 Hanley Industrial Court leased by Auto Supply company and Landlord Represented by Jeff Altvater
St. Louis (May 23, 2023) – This 11,915 sq. ft. office warehouse, formerly a swim school, was leased to Factory Motor Parts (https://www.factorymotorparts.com/customer-login), represented by Cushman Wakefield. Founded in 1945 as Elliott Auto Supply Co., Inc., Factory Motor Parts (FMP) Co. has grown from a small, single location in Minneapolis to over 150 locations in 19 states.
Jeff Altvater, Hilliker Corporation Broker Associate, represented the building owner, Hanley Industrial Property LLC, in brokering this building for lease. Altvater had also represented the owner purchasing the property in 2017.
This commercial real estate transaction is notable because it is the latest transaction for the landlord’s portfolio, which has been managed by Altvater over the past 15 years. The term of the lease is 7 years and the lease price is undisclosed. Renovations are currently underway and FMP intends to move in on July 1.
About Hilliker Corporation
The Entrepreneur’s choice for commercial real estate services in the St. Louis region. Hilliker guides business owners through their needs at each stage of the business life cycle. Since 1985, Hilliker Corporation has brokered more than 10,000 transactions including sales and leases of industrial, office, institutional, retail and investment properties. To learn more, please call, (314) 781-0001.