Amazon St Peters is an AMZL Last Mile delivery station. It is completed in 2021. Sitting on 36.44 acres of land, this 142,670-SF facility features 32 feet of clear height, 380 car parking spots and 694 van parking spots, and 15 docks with front load configuration. The Amazon “last-mile” delivery station serves as the final step in Amazon’s logistics network. This facility serves as the receiving point for Amazon packages and final delivery. This means packages will come from a sort center, via line haul (trucks) and will arrive in the night in order to off load. Packages will then be sorted into routes and staged to vans for delivery throughout the day to private residences and commercial addresses in the area. Deliveries will be made from around 6 AM and commence every half hour until about 9 PM. The delivery vans will be around the size of a sprinter van. Packages spend very little time at these facilities and these facilities are equipped with unique van doors to quickly load delivery vans. The Property is located in the City of St Peters and is 30 miles west of St Louis CBD. This project has a NNN lease with limited landlord capex exposure.
This eleven-story, built-to-suit trophy office building is fully leased to global health care company AmerisourceBergen Corporation through 2036. AmerisourceBergen is a pharmaceutical sourcing and distribution services company focused on helping healthcare providers, pharmaceutical manufacturers, and biotech manufacturers improve patient access to products and enhance patient care. For the 2020 fiscal year, AmerisourceBergen’s revenue exceeded $189.9 billion. Conshohocken, which is home to financial, medical, healthcare, and technology companies, is a Class A neighborhood in the northwestern region of the greater Philadelphia MSA, located between the intersection of I-76 and I-476. The property resides in the SORA West Development of Conshohocken, where it is situated next to a Hilton Tapestry Hotel. This project is a NNN lease with limited landlord capex exposure.
These two trophy five-story buildings are fully leased to semiconductor and infrastructure software company Broadcom until 2037. One of the world’s largest designers, developers and manufacturers of such products, their 2019 revenues exceeded $22 billion. Orange County is one of the nation’s most sought-after live–work locations, and this corporate headquarters is ideally located in the Irvine Spectrum Corridor — at the point where I-405 and I-5 converge — in the Five Point Gateway Campus. Adjacent to City of Hope’s new cancer research facility and hospital project, it’s surrounded by more than 10,500 dwelling units, 120 retailers and 40 restaurants in the Great Park Neighborhoods. This project has an absolute NNN lease with very limited landlord capex exposure.
This tenant-tailored building serves as a business center and high-tech lab space, which houses divisions of 3M’s electrical markets and electronics materials solutions business units. 3M is an iconic, international Fortune 100 technology company that’s been in operation for more than 100 years. It holds a high investment-grade corporate credit rating from all three major U.S. ratings agencies (S&P: A+) The company has more than 14 years of its lease term on the campus remaining. Austin is ranked first out of 80 U.S. cities for its overall real estate prospects in 2020 by ULI and PwC, and boasts both a young and creative workforce and a business-friendly state government. The building itself is located within Parmer Innovation Center, a growing corporate park that houses several Fortune 500 tenants — including Apple, General Motors, Facebook and The Home Depot. Parmer Innovation Center has transformed into a vibrant 24/7 live–work–play district with several amenities under construction or planned including restaurants, hotels, an outdoor music venue and a training facility for Austin’s new Major League Soccer team.
Delivered in 2021 as a 1,200,540-SF distribution center, Lowe’s Bessemer sits on 96.97 acres of land with a 28% site coverage ratio. The Property features 36-foot clear height, parking spaces for 250 cars and 1,000 trailers, and 250 docks with full cross-docking configuration. Located in the town of Bessemer, Alabama, the Property is within close proximity to both Interstate-459 and Interstate-20, and is a 20-minute drive from downtown Birmingham. The Property is fully leased to Lowe’s Companies under a long-term NNN lease with limited landlord capex exposure.