Hilliker Sells $7 Million+ of Warehouse Buildings

Hilliker Corporation sold two warehouse properties for over $7 million within 8 months.
In January, Hal Ball and Chris Taff of Hilliker Corporation listed two surplus Lineage Logistics properties for sale on Planned Industrial Drive in North St. Louis. Both properties have since been sold.

Italian plastic manufacturer, Serioplast, closed on the purchase of a 132,000 Sq. Ft. warehouse building in April 2017, located on 4400 Planned Industrial Drive. Serioplast was also represented by Ball and Taff.

Service Metals, Inc, a distributor of industrial valves and fittings, closed on 4300 Planned Industrial Drive in July to expand their St. Louis operations.

St. Louis Red Cross Disaster Operations, who has leased 90,000 Sq. ft. in the 4300 property for almost ten years, will be moving to Hazelwood.

Both properties sold in the $24 per square foot range. The warehouses totaling 300,000 Sq. Ft. were built in the 1990’s by Madison Warehouses to service local manufacturers.

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.

For more information, please contact Hilliker Corporation at (314) 781-0001 or visit http://www.hillikercorp.com.