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Former STL factory to be demolished for new warehouse

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A former factory in St. Louis County is being demolished to make way for a speculative warehouse.

St. Louis-based Summit Real Estate Group bought a 14.4-acre industrial site in Vinita Park for undisclosed terms. It houses a building that used to be a factory for Toyota subsidiary Bodine Aluminum.

Summit Real Estate Group was awarded 25 years of tax incentives for the project known as Crosstown Logistics Park.

Read more from the St. Louis Business Journal.

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