Newspaper article St Louis Post-Dispatch (MO)

St. Peters Business Park Lands a 491,000-Square-Foot Distribution Facility

Newspaper article St Louis Post-Dispatch (MO)

St. Peters Business Park Lands a 491,000-Square-Foot Distribution Facility

Article excerpt

ST. PETERS * A 491,252-square-foot distribution center is the latest facility lined up for the levee-protected Premier 370 business park in the city's Mississippi River floodplain.

The city Planning and Zoning Commission last month approved the new development proposed by Scannell Properties of Indianapolis. Board of Aldermen approval wasn't needed.

The tenant for the facility has not been publicly identified, but Scannell Properties builds distribution facilities for FedEx, the Memphis, Tenn.-based shipping giant.

Julie Powers, St. Peters director of planning, community and economic development, said the facility is slated for the east side of Spencer Road and the south side of Premier Parkway.

Powers said talks are underway on a possible property tax abatement package tied to employment levels. …

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