HEADLINES:
Express Scripts To Add Building
Posted on February 8, 2011
Express Scripts Inc. plans to announce today a project to build a fourth structure at its headquarters complex in north St. Louis County.
Clayco|Paric will build the 227,000-square-foot-building, scheduled to open in about a year, will be next to the pharmacy benefit manager's automated mail-order drug distribution plant that opened in June at the NorthPark business park.
A company spokesman said Express Scripts will consolidate operations there from offices on Riverport Drive in Maryland Heights. Cost and other details of the project will be announced today, the spokesman said.
State and St. Louis County incentives are included in the project.
The Missouri Development Finance Board has approved $1,038,660 in bonds Express Scripts can use to offset corporate income taxes.
To help Express Scripts expand in the county, the County Council granted the company 10-year tax abatement on half of its real and personal property taxes on the $63 million project, county development officials said Thursday.
In addition to announcing details of the new building, Express Scripts plans to release a University of Missouri-St. Louis study of the company's financial impact in the state.
Some information about the headquarters expansion emerged in November when county development officials said Express Scripts was considering an addition of 150 jobs and a $63 million building at NorthPark.
Express Scripts' local sites already include its two-building headquarters on the UMSL campus and the drug distribution facility, called the Technology & Innovation Center, across Interstate 70 at NorthPark.