Dan Merlo of Intelica Commercial real estate represented both parties in the sale of this 75 acre site at 1440 West Terra Lane in O’Fallon, MO. Mike and Tom Roberts, brothers and principals of Commercial Development Co. paid about $3 million to purchase the site that had been the Fred Weber quarry. Merlo, principal at Intelica CRE said he’ll work to to lease a 25-acre slice of the property that is usable right now. “We’ve had interest in the that site already”, Merlo said. “It’s a good site for someone who needs outside storage or heavy-zoned industrial use.”
This is the second Fred Weber site sold this year. In August, Fred Weber sold 29 acres in south St.Louis County (4855 Baumgartner Road – also brokered by Intelica CRE) to Goodwin Brothers Construction Co. for about $3.3 million.
To read more about this deal check out the St. Louis Business Journal news story