SparrowHawk, through a joint venture partnership with Almanac Realty Investors, acquired a second Midwest distribution center that is part of an aggressive regional acquisition strategy. The Houston-based industrial investment and management firm acquired Premier 370 DC II, the 366,900-square-foot distribution center on 20 acres in the Premier 370 Business Park in St. Peters in the St. Louis market.
The purchase price was $28.5 million.
In late 2025, Almanac committed $300 million in growth capital to SparrowHawk, an industrial real estate investment and management firm. According to SparrowHawk, that growth capital commitment could translate to approximately $1 billion in purchasing power. SparrowHawk already has put that capital to work with the earlier acquisition of the 100% leased, 764,735-square-foot modern warehouse building at 31450 W. 196th Street in Edgerton (Kansas City), Kansas…