Total Square Footage: 192,562
Acquired: December 19, 2018
Tenant Name: Stellar Manufacturing Company
Royal Oak Realty Trust (“Royal Oak”) is pleased to announce the completion of our 26th acquisition, and second in Illinois. On December 19, 2018, we purchased the headquarters and sole manufacturing facility of Stellar Manufacturing Company (“Stellar”) of Sauget, IL, in a sale leaseback transaction. Sauget is part of the St. Louis, Missouri Metropolitan Statistical Area (“MSA”), the 21st largest MSA in the United States with approximately 2.8 million residents. Known as the “Gateway City” because of its access to transportation routes in all directions, St. Louis is an important center of commerce and culture for the Mississippi River Basin. The property is adjacent to the St. Louis Downtown Airport and is 5 miles from downtown St. Louis.
The site contains one building totaling 192,562 square feet on 15 acres. The facility was built in 1999 and was expanded in 2003 to meet Stellar’s growing production needs.
Founded in 1990, as a contract manufacturer of pool and spa chemicals, Stellar has expanded its industry focus and offerings to become an integrated partner with clients. Stellar specializes in solid particle chemical processing and provides services to the water treatment, chemical, agrochemical, consumer product, oilfield, polymer, mineral, and pool & spa industries. Stellar provides compaction, granulation, briquetting, blending, tableting, filling, packaging and warehousing services for Fortune 500 and Global 500 companies. Some of its customers include Monsanto, Oxy Chemical Corporation, PPG Industries, The Clorox Company, and Ecolab.