New York-based investor New Blueprint Partners has muscled into the St. Louis industrial scene, scooping up two warehouse and light-industrial buildings totaling about 273,221 square feet. The deal plants the firm's flag in both Olivette and Hazelwood as it builds out a growing Midwest portfolio.
According to the St. Louis Business Journal, New Blueprint Partners, a New York commercial real-estate investor, closed on the two St. Louis-area properties earlier this month. The firm now lists both addresses on its portfolio page and says the purchases expand its industrial footprint in the region. New Blueprint Partners did not disclose a purchase price in its public announcement.
Olivette: 1220 North Price Road
One of the buys is the warehouse at 1220 North Price Road in Olivette, which the firm’s press release listed at about 138,361 square feet, as noted by the NatLaw Review. City of Olivette planning documents show the building sits on roughly 5.98 acres, and that the city recently considered a special-permit request to convert about 41,225 square feet into an indoor padel and pickleball club.
Local filings and the firm's announcement list in-place tenants including Padel and Pickle Club STL LLC, Latch Systems and Auto Beauty Specialists, reflecting a mix of sports, tech and service uses under one roof.
Hazelwood: North Lindbergh Boulevard
The other property fronts North Lindbergh Boulevard in Hazelwood and totals about 134,860 square feet, according to CommercialCafe. The building sits on roughly 6.13 acres, with 23-foot clear heights and several loading docks, features that brokers say are well-suited to light manufacturing and service tenants.
Local coverage describes the pair of acquisitions as being positioned to provide immediate cash flow and to broaden the buyer's tenant mix, as reported by the St. Louis Business Journal.
Why Investors Are Looking at St. Louis
Investors frequently point to St. Louis’s central U.S. location, multimodal transportation links and established industrial corridors as reasons to target the metro, local business coverage shows. Those logistics advantages, combined with a stock of mid-market, functionally sound industrial buildings, have attracted out-of-market buyers looking for steady rents and repositioning upside.
The New Blueprint deals fit into a broader pattern of value-oriented industrial buying outside the coasts, according to St. Louis Magazine.
New Blueprint Partners' move underscores how investors are combing the Midwest for industrial assets, and it remains to be seen whether the firm will reposition either building or seek new tenants. We reached out to New Blueprint Partners for additional comment and will update this story if the firm responds.
