NorthPoint Development Opens $64M Facility Outside St. Louis

The ribbon-cutting at Riverport Trade Center last week. Image courtesy of NorthPoint Development

NorthPoint Development has opened a three-building Class A industrial park in the St. Louis suburbs. The 725,000-square-foot Riverport Trade Center, located in Maryland Heights, Mo., formally opened with a ribbon-cutting ceremony on May 3.

The facility is situated on an approximately 46-acre property at 13955 Riverport Place Drive. NorthPoint invested $63.8 million in the project, with occupying tenants making additional investments. The property is accessible from Interstates 70 and 270, and is close to St. Louis Lambert International Airport.

Cushman & Wakefield’s Ed Lampitt and Matt Eastin are actively marketing industrial leases at the property. Existing tenants include Core & Main Fire Protection, Esbelt Corp., Matthews Aurora, Vicostone, Cerrozone, Smart Karton and Core Telecom Systems.

NorthPoint has invested close to $800 million in the St. Louis metro, where it has constructed 11 industrial assets totaling 11.8 million square feet. Its first facility in the region was the Hazelwood Logistics Center in 2015.

In November 2022, NorthPoint wrapped up construction of its 1 million-square-foot Gateway Tradeport IV industrial project in Pontoon Beach, Ill., a suburb of St. Louis that sits across the Mississippi River, which divides Missouri and Illinois. Clear on the other side of Missouri, the developer landed electric truck manufacturer Orange EV as a client at its Turner Logistics Center in Kansas City, Mo.

NorthPoint is constructing a 3.3 million-square-foot industrial park in Spartanburg, N.C., on land it acquired last year, as well as a 1.4 million-square-foot industrial project on 170 acres in San Antonio, Fla., breaking ground on both projects in late 2022. Early this year, the developer sold a warehouse site in Bucks County, Pa., to Lidl for $144.6 million, and opened a 625,000-square-foot industrial asset in Union, Ohio.