Booksource executed a lease with a Green Street St. Louis (Green Street) affiliate to adapt, reuse and transform a discarded industrial property into a dynamic revitalized building. The redevelopment will facilitate the growth and expansion of Booksource’s manufacturing and distribution business at a new location in Hazelwood, a suburb of St. Louis.
Green Street will adaptively reuse the existing 242,000 SF industrial building at 8950 Pershall Road by reconfiguring the property for a new single-tenant manufacturing company. The existing building was constructed as a warehouse for the Sears Roebuck Company, which later closed the facility. The building was then home to the Bernadette Publishing Company, which relocated out of the building, leaving the building fully vacant with job losses reported in excess of 200.
Green Street acquired the property in December, 2016, as a follow up to its successful redevelopment of the nearby 8840 Pershall building as a distribution hub for Arcobasso Foods and Nature’s Bakery and its planned redevelopment of the adjacent 8920 building for flex/office space. The Property is unique in that Green Street owns the 5 undeveloped acres immediately to the north allowing for the potential expansion of 8950 Pershall or a new building development as a future development phase.
Booksource negotiated to lease the entire building as the sole tenant. Booksource is a locally-owned book sales, distribution, bindery and on-demand book manufacturing business, founded in 1974 with a focus on the education customer, including schools and libraries across the country. Booksource, looking for immediate occupiable space, is attracted to the property’s features, including ample parking, connectivity to the region’s interstate system, affordable lease rates, and room to expand over time. To learn more about Booksource click here
Green Street plans to make improvements and alterations to the building systems, construct new office, break room and restroom spaces, reconfigure parking areas, replace the roof, and make other improvements as required for Booksource. The renovated building will offer an efficient, yet flexible, space designed to accommodate Booksource’s growth over the long-term.
Green Street believes that the redevelopment of this highly-visible and formerly vacant building will help showcase north St. Louis County as an attractive place for additional area development after sustained job losses in industry and manufacturing over the past decade. While this submarket has seen renewed investment in the new, ground-up construction of light-manufacturing and distribution space, the 8950 Pershall building will serve as a model for successful re-use of industrial buildings helping to serve growing manufacturing and distribution businesses and ultimately help to attract similar users- and new employment- to existing buildings with the city of Hazelwood and north St. Louis County.