The lease, which starts July 1, is worth an estimated $747,453 annually, based on an asking rental rate of $3.50 per square foot. The lease would be worth an estimated $3.7 million at the end of the five-year period.
Luxco is a St. Louis-based company that produces numerous alcoholic beverages such as whiskey, cordials, gin, pre-mixed cocktails, rum, tequilla, vodka and wines. Brands include Rebel Yell Bourbon, Canadian Deluxe Whiskey, Arrow Gin, Everclear, Admiral Nelson’s Rum, El Mayor Tequila and Hound Dog Vodka.
In addition to employing about a dozen people, this facility will accept shipments from Luxco and distribute company products nationwide.
Bill Boudoures of Wm. Boudoures Co. represented Luxco in the deal, and John Langa of Jones Lang LaSalle represented HSA Commercial.