Wright City Business Park

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Sheila McKinney
5 years ago
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Wright City Business Park 51.69 Acres SITE Wright City Business Park is a 51.69 acre site ideal for large distribution or manufacturing uses.

excellent transportation infrastructure of the greater St. Louis Metropolitan area. Asking Price: $2.50/ Square Foot Available Immediately $1.

1 Wright City Business Park Acres SITE Wright City Business Park is a acre site ideal for large distribution or manufacturing uses. Located approximately ¼ mile west of I-70 exit 199, Wright City Business Park has excellent interstate visibility and provides convenient access to the excellent transportation infrastructure of the greater St. Louis Metropolitan area. Asking Price: $2.50/ Square Foot Available Immediately $1.38 Terry Stieve, CCIM, SIOR tstieve@ctmt.com Ben Cahill bcahill@ctmt.com Forsyth Blvd. Suite 500 St. Louis, MO phone: fax:

LOCATION & LOGISTICS Wright City Business Park is positioned near the geographic and population center of the United States, lying within 500 miles of one-third of the U.S. population and within 1,500 miles of 90% of the North American population.

2 LOCATION & LOGISTICS Wright City Business Park is positioned near the geographic and population center of the United States, lying within 500 miles of one-third of the U.S. population and within 1,500 miles of 90% of the North American population. 500 Miles 1,500 Miles Wright City Business Park is located in Wright City, MO at the intersection of South Service Road West & Missouri Highway H. Wright City Interstate Rest Area is less than 1 mile from the site and provides an excellent opportunity for truck queuing. The Missouri Department of Transportation reports that the Wright City Rest Area is the busiest Rest Area in the State of Missouri with approximately 2.4 million annual visitors. Rail service may be possible via a Norfolk & Western main line that forms the southern borders of the property.

3 DEVELOPMENT Topography of the site is nearly flat and initial investigations suggest that the entire site could be balanced with no infill required. Electric, Sanitary Sewer, Gas, and Water are all available at the site. Wright City Business Park does not face any of the flood plain issues common to many competing industrial land sites in metropolitan St. Louis. WRIGHT CITY MARKET INFORMATION Wright City, Missouri is located in Warren County which is among the counties found to have the highest economic momentum indexes as measured by the Missouri Department of Economic Development. This index measures percentage changes in employment, population and income. Warren County is flanked by Lincoln and St. Charles Counties which have consistently been two of the fastest growing counties in the state of Missouri. Wright City is situated upon one of the busiest non-metropolitan sections of Interstate 70 in the State. Daily traffic counts, average in the range of 40,000+ vehicles per day near the Wright City area and increase to over 50,00 vehicles per day at the intersection of I-70 and Hwy 64 approximately 10 miles East of Wright City. It is anticipated that Wright City and Warren County as a whole will continue to expand due to the general path of population growth west along I-70 through St. Charles County and into Warren County. As employment opportunities increase it is anticipated that population increases will follow along with and increasing number of households. The St. Louis Regional Chamber and Growth Association (RCGA) reports that Warren County has a standalone labor force of more than 15,700 individuals. Taken in combination with the labor forces in neighboring St. Charles and Lincoln Counties (194,842 and 23,866 respectively), the overall labor force available to Warren County employers is greater than 234,000 individuals (based on 2005 Census data). This does not include the available labor pool in St. Louis County totaling greater than 500,000 individuals. Demographic Data- Warren County, MO Population ,298 Households 11,603 Median Household Income $47,267 Labor Force 15,779 Unemployment Rate 5.8% Largest Employers Industry Employment Holland Brinkley Company Manufacturing 500 Innsbrook Resort Leisure & Hospitality 200 Warren County Schools Education 188 Rite Paper Products, Inc. Manufacturing 170 Emmaus Homes Inc Education 165 Child Evangelism Fellowship Distribution 140 Truesdale Packaging Manufacturing 100

4 ECONOMIC INCENTIVE Conversation with Wright City suggests a willingness to work with potential area employers to allow for economic incentives in the form of tax abatement. Further inquiry should be directed to Karen Girondo with the Wright City Economic Development Department at: Karen Girondo Wright City Economic Development Department P.O. Box 436 Wright City, MO (636) (636) fax econdevelop@wrightcity.org ST. LOUIS METROPOLITAN AREA INFORMATION In October 2007, Expansion Management Magazine released its 2007 Logistics Quotient rankings, which identify the most logistics-friendly metro areas in the United States. The St. Louis Metropolitan Area ranked second as the magazine evaluated industry climate, work force, infrastructure, highway access and other criteria in determining its rankings. St. Louis easy to navigate highway system includes four interstate highways: I-70, I-55, I-64, and I-44 which provide convenient access at both the regional and national levels. St. Louis is home to six Class I railroads as well as several Regional and Switching/Terminal lines. Railroads: Union Pacific CSX Transportation Kansas City Southern Burlington Northern Santa Fe Canadian National Norfolk Southern Regional, Switching & Terminal: Central Midland Alton and Southern Manufacturers Railway Company Freight reliant businesses located with the St. Louis Metroploitan area benefit from the multiple intermodal facilities scattered throughout the area. St. Louis area intermodal facilities include: BNSF Intermodal CSX Intermodal Norfolk Southern Intermodal Tri-City Regional Port District Triple Crown Services Union Pacific Intermodal

5 ST. LOUIS AREA RATINGS AND RANKINGS* *as provided on the St. Louis Regional Chamber and Growth Association website: Cost of Doing Business St. Louis ranks as the 10th most cost-competitive location to do business among 23 U.S. cities/locations with populations exceeding 1.5 million, according to a study by KPMG LLP. KPMG s Competitive Alternatives study, released on March 21, 2006, measured the combined impact of location-sensitive business-operating costs, such as labor, facility, transportation and utility costs, as well as income taxes. Forbes magazine ranked St. Louis No. 27 in its ranking of 200 Largest Metro Areas report for lowest cost of doing business in April 2006, ahead of such cities as Cincinnati, Milwaukee, and Denver. Business Opportunity Metro The St. Louis region was designated as a Five Star Business Opportunity Metro by Expansion Management and Logistics Today magazine in the August 2007 issue. St. Louis ranked No. 23 out of the nation s 362 metropolitan areas and reflects the comparative strength of St. Louis in a number of major categories such as public education, health care cost and availability, quality of life and logistics infrastructure. Forbes magazine named St. Louis among its Best Places For Business and Career list, ranking St. Louis 67 out of 200 U.S. cities. The rankings, which appeared in the April 23, 2007 issue, are based on business cost, living cost, crime rate, college degrees, income and job growth rate. Inc. Magazine in 2005 rated St. Louis as the 44th-best place in the country to do business out of 274 cities. Inc. cited a growing array of technology and business firms, resulting partly from the area s lower costs. The Dow Jones Market Watch named the St. Louis metro area the 19th Best City for Business for The list was compiled after ranking the nation s 50 biggest cities by number of started, grown, and retained businesses and after interviewing business leaders from each of the cities. St. Louis was named as a top county for recruitment and attraction on Expansion Management magazine s 2007 Top 20 Large Counties for Recruitment & Attraction list. Forbes ranked St. Louis as one of the Best Cities for Jobs in the nation in 2007, ranking No. 81 out of 100.

6 ST. LOUIS AREA RATINGS AND RANKINGS CONT. Productivity According to the 2002 Economic Census, manufacturing workers in St. Louis produce 27 percent more output than the US average. This survey is published in December every five years. Work Force Expansion Management magazine named St. Louis as a Five-Star Knowledge Worker Metro in the March/April 2007 issue. The study compared college-educated workforce availability across the U.S. and awarded the top 20 percent with this distinction. In February 2005, Illinois ranked No. 3 nationwide for the number of businesses owned by women of color, according to the Center for Women s Business Research. The percentage of St. Louisans with bachelor s degrees more than 28 percent exceeds the national average of 27 percent, according to the American Community Survey Among St. Louis area residents 25 and older, 11 percent have graduate or professional degrees exceeding the U.S. average of 10 percent. A 2005 Council on Competitiveness Regional Survey found that the availability of workers with the skills that businesses require was considered a strong regional asset. Investment St. Louis was ranked No. 7 in Site Selection magazine s 2005 ranking of Top 10 Metros by Investment, with over $2 billion in investments in The magazine s March 2006 issue identified the top 10 metros by number of projects and investment. Taxes & Incentives Missouri s tax administration in 2004 ranked among the four most fair in the country in a Council on State Taxation survey. Terry Stieve, CCIM, SIOR tstieve@ctmt.com For Additional Information Please Contact: Ben Cahill bcahill@ctmt.com Forsyth Blvd. Suite 500 St. Louis, MO phone: fax:

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