Home / Business and Economy / Missouri Firm Buys Olyphant Industrial Park for $80M
Missouri Firm Buys Olyphant Industrial Park for $80M
15 Dec
Summary
- A Missouri real estate firm acquired all four lots of Triboro Industrial Park.
- The firm has invested $80 million since June to purchase the entire industrial park.
- The park is located in Olyphant and offers over 4.5 million square feet of space.
A Missouri real estate company has finalized the acquisition of the entire Triboro Industrial Park in Olyphant, with a total investment of $80 million since June. The firm, operating under various LLCs, recently purchased the fourth and final lot for $22.5 million. This move consolidates ownership of the extensive industrial site under a single entity.
The Triboro Industrial Park encompasses over 4.5 million square feet of space across four large buildings, situated on a substantial tract of land. Marketing materials highlight buildings ranging from approximately 1.067 million to 1.184 million square feet. Access to the park is planned via Marshwood Road, conveniently located near Exit 1 of the Casey Highway.
Originally planned with significant tax incentives, the park was approved for a 10-year LERTA status, providing phased property tax payments on improvements. While initial plans coincided with a boom in warehousing due to e-commerce, current demand in the area is shifting towards data centers, reflecting evolving industrial real estate trends.
