O’FALLON, Mo. — The former municipal public-works property on Industry Drive has sold to Earthworks Inc. for $4,400,500, moving a city-owned industrial site into private ownership after operations relocated.

The transaction covers two buildings totaling 37,002 square feet on 5.57 acres at 1001–1051 Industry Drive, according to commercial-property reports citing Cushman & Wakefield. The buildings include office, warehouse and service space, with secured outdoor storage.

Keith Ziercher represented the city, while Dan Cahill of Avison Young represented Earthworks. Ziercher said the property sold above its asking price, although the reports did not provide that original price.

The sale price equates to about $119 per square foot of building area, including the land. That calculation is a transaction ratio, not an appraisal of the buildings alone.

The reports do not identify how net proceeds will be allocated or disclose a detailed renovation or occupancy timetable for the buyer. Those remain separate questions from the confirmed sale amount.

The transaction was reported November 3 by Connect CRE and November 5 by REjournals.