Legacy Pharmaceutical Packaging – 30th Acquisition
Total Square Footage: 189,555 square feet
Date Acquired: August 14, 2019
Tenant Name: Legacy Pharmaceutical Packaging
Royal Oak Realty Trust (“Royal Oak”) is pleased to announce the completion of our 30th acquisition, and first in the state of Missouri. On August 14, 2019, we purchased the headquarters and sole manufacturing, distribution and warehousing facility of Legacy Pharmaceutical Packaging (“Legacy”) of St. Louis, MO, in a sale-leaseback transaction. The St. Louis Metropolitan Statistical Area (“MSA”) is a top 20 MSA, with nearly 3 million residents. 13333 Lakefront Drive is located in a large, master-planned industrial park that is strategically located just one mile off of I-70 and just over two miles from I-270. This centralized location allows easy access across Missouri to Kansas City as well as quick access to all major interstates serving St. Louis and its surrounding areas.
The building totals 189,555 square feet situated on 12 acres. The tilt-up concrete facility is dynamic and suitable for a variety of operational uses. With 32-foot high ceilings and a flexible layout, the building currently supports both the packaging, warehousing and distribution needs of Legacy. The facility was built in 1995 and has been occupied by Legacy since 2013. Over the last five years, Legacy has invested significant capital to improve the property, including roof replacement, parking lot replacement, power upgrades and additional interior enhancements.
Since its founding in 2004, Legacy has become an industry leader in providing innovative packaging solutions. Built for rapid response, Legacy offers high speed bottle filling, blistering, compliance, unit of use and a wide range of secondary packaging capabilities. Legacy meets the FDA’s new strict track-and-trace labeling guidelines, installing state of the art traceability and verification labeling equipment software and systems in the St. Louis facility. Servicing the branded, generic, wholesale and major retail markets, Legacy has the proven expertise to help bring products to market. Legacy receives products in bulk and packages them for individual consumption in a wide array of containers ranging from blister packs to all ranges of plastic jars and bottles for distribution across the country.