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HY-C Acquires New Distribution Center in Overland

Local Home Improvement Manufacturer and Distributor Pays $3M for Industrial Bldg.
February 9, 2018
HY-C Co., a St. Louis-based manufacturer and distributor of home improvement products, acquired a distribution facility at 1780 Belt Way Dr. in Overland, MO from Whitehawk Investment Co. LLC for $3 million, or about $31 per square foot.

According to David Walters, president of HY-C, the buyer purchased the facility to relocate its current distribution operations in Berkeley, MO to the Overland property. Walters also mentioned that HY-C chose the Belt Way Dr. location due to its close proximity to the company’s headquarters and manufacturing facility at 10950 Linpage Pl. in St. Louis.

HY-C expects to occupy the Belt Way Dr. facility in the second quarter this year.

The 98,000-square-foot facility was built in 1981 and was previously used by Hilex-Poly as a distribution facility until they vacated in 2016.

Lou Panopoulos and Thomas Erman of Gershman Commercial Real Estate represented the seller in the transaction. Jeff Hawley and Brandon Duncan of Block Hawley Commercial Real Estate Services represented the buyer.

Please see CoStar COMPS #4116714 for more information on this transaction.
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