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CONSTRUCTING A TAILORED SPACE WITH DESIGN-BUILD-LEASE

Published on May 08, 2024

 By Vaughn Prost

info@prostbuilders.com

 ADesign-Build-Lease is a developer’s (or landlord’s) agreement to construct a purpose-built building that is usually for a single tenant. This type of agreement is beneficial to both the developer and the tenant because the building can be very specific to the actual needs of the future tenant.

For example, Prost Builders has constructed several Design-Build-Lease facilities, such as Columbia’s office building at 1500 Vandiver Drive, Jefferson City’s State of Missouri Health Department Office and Laboratory, Boonville’s Ballantine Office Building, Neosho’s Haas Office Building, Butler’s Palace Office Building, and Cape Girardeau’s Marquette Tower Office Building.

The Columbia office building located at 1500 Vandiver Dr. was a design-build-lease, where Prost Builders constructed a new 85,000-square-foot facility for the purpose of leasing it to the State of Missouri. This enabled the State to house up to eight agencies under one roof in a single location, with 500 parking spaces available for employees and visitors. When Veterans United needed a larger building to lease, Prost Builders renovated the Vandiver facility inside and out to accommodate their unique requirements.

Another example is the historic 1928 Marquette Tower Office Building (formerly the Marquette Hotel) in Cape Girardeau. The iconic building was slated for demolition - much to the dismay of its local residents and businesses. In 2003, Vaughn Prost purchased it to historically restore it with the adaptive reuse and renovation that turned it into offices for the State of Missouri and other private entities. The downtown business area was revitalized by this action, Governor Bob Holden and the town’s residents were very pleased with the iconic building’s restoration and the Marquette Hotel received the Downtown Cape Historic Award in 2018.

The historic 1898 Haas Office Building in Neosho was on the National Register of Historic Places in 1993 and resided in the Neosho Commercial Historic District. It was purchased to restore the warehouse into a Class “A” office space by utilizing an adaptive reuse and renovation design required to restore the 30,000-square-foot building into unique office space for its tenants in 2005. 

The historic Ballantine Office Building in Boonville was once a hotel occupied by riverboat passengers in 1826-1890 and is on the National Register of Historic Places. The restoration and renovation of the 8,000-square-foot building consisted of the adaptive reuse and renovation into a Class “A” office space for State of Missouri agencies and other private tenants in 2004. 

The Park Hills Office Building in Park Hills was a newly constructed, design-build-lease of a 20,000 square-foot facility developed by Prost Builders to house four State agencies under one roof to serve St. Francois County residents. 

Design-Build-Lease is a great option for companies that want a customized facility to suit their specific needs without having to be involved in the design and construction of a new building. Prost Builders offers full building development services to those businesses with a vision and a viable business plan.

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