EJF Capital and Green Street Real Estate Venture have partnered to develop three warehouse buildings with approximately 454,000 square feet in St. Louis.
The project is in an area certified as a “Qualified Opportunity Zone” under the Tax Cuts and Jobs Act of 2017 (TCJA).
The project will be developed in the River City Business Park, located within the Patch neighborhood of the southeast corner of St. Louis. It is anticipated that the project’s first building will deliver in the second quarter of 2023, and the remaining two buildings will deliver later that same year. The buildings are designated 2, 3 and 4.
Building 2 will span 153,715 square feet; Building 3, the largest, will total 198,948 square feet; and Building 4 will total 101,035 square feet. Each building will be able to accommodate a single or multi-tenant configuration. All three buildings are being designed by HAD and will be constructed by Green Street Building Group, affiliates of Green Stree
