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SparrowHawk, Almanac Buy St. Louis Warehouse for $28.5M

Announced
IndustrialsMissouriAdd-on

Deal Overview

SparrowHawk, through a joint venture with Almanac Realty Investors, acquired Premier 370 DC II, a 366,900-square-foot distribution center on 20 acres in the Premier 370 Business Park in St. Peters, Missouri. The purchase price was $28.5 million.

Premier 370 DC II was developed by Panattoni in 2023. The article also notes that Almanac committed $300 million in growth capital to SparrowHawk in late 2025, and that SparrowHawk recently acquired a 100% leased 764,735-square-foot warehouse in Edgerton, Kansas.

Key Details

Transaction
SparrowHawk acquires Premier 370 DC II
Deal Size
$25M – $50M
Reported Value
$28.5 million

Source

Read full article on connectcre.com

via Connect CRE · March 27, 2026

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