Panattoni Development Company and IFPC are launching the development of a $20 million, 227,500 square-foot build-to-suit industrial facility.
Two years after the plant closed in 2006, Ford Motor Company sold the 160-acre site to Sacramento, Calif.-based Panattoni Development Company. It is located between I-270 and I-70 on North Lindbergh Blvd. with close proximity to Lambert Airport and access to convenient railway service. Working with the City of Hazelwood, Panattoni developed a plan to reuse the site’s considerable assets to create a 2.7-million-square-foot mixed-use business park attractive to light manufacturers, data centers, distribution operators, hotels, and office users.
“Actually, the location was perfect because of the highways, close proximity to the airport and access to nationwide railway service,” International Food Products Corporation CEO Clayton Brown said. “Also, it’s our first venture into [St. Louis] County with our production so we’re real excited about that as well.”
The signed deal with IFPC makes it the first corporate tenant at Aviator Business Park. The new site is expected to be up and running by the end of the year. This project, known as Aviator 4, is a joint venture between Prudential and Panattoni. J.P. Morgan is providing the debt. The architect is Gray Design Group. Civil engineer is Clayton Engineering. General Contractor is Kadean Construction Company.
IFPC is a St. Louis-based food ingredient distributor and manufacturer. In addition to the company’s workforce of about 150 employees, it’s revenue for 2012 surpassed $351 million dollars.
The firm will be combining its distribution center with its production and R&D operations. The building will clear 32 feet in height and be a cross-docked facility. Norfolk Southern will provide the company’s rail service.
“We are looking forward to moving into our new facility in Hazelwood. By bringing the two operations together, our goal is to make it easy for our customers to work with us and realize operating efficiencies,” Brown added.
Hazelwood officials believe this corporate move will help stimulate economic growth in the St. Louis region. “The news about International Food Products Corporation consolidating its operations at Aviator Business Park is not only good for Hazelwood, but also for the St. Louis metropolitan area. This addition will help bring in other suppliers and businesses to the region which will help create new jobs and strengthen our industrial base. We applaud Panattoni’s efforts in doing a tremendous job redeveloping the former Ford site at Aviator Business Park,” Hazelwood Mayor Matthew G. Robinson said.
According to Mark L. Branstetter, a Panattoni Development Company Partner, “Aviator Business Park has become a very attractive location for companies looking for modern space in today’s market. It offers a number of advantages, including heavy existing infrastructure, great highway, airport and rail access, a solid labor market and a business-friendly civic environment.”