Green Street Purchases 70,000 SF for Sustainable Brewery Redevelopment Project St.

Louis (April 11, 2013) Green Street St. Louis recently purchased the former Renard Paper buildings in Forest Park Southeast, The Grove neighborhood, with the intent to redevelop the 70,000 SF of buildings for Urban Chestnut Brewing Companys (UCBC) second brewing and bottling location. UCBC is a two-year old St. Louis, MO craft brewery who has experienced tremendous growth during their first two years in business. The $10MM redevelopment will allow co-founders of UCBC, Florian Kuplent and David Wolfe, to increase production from a 2012 level of 4,000 annual barrels to over 20,000 annual barrels once operational in early 2014. As with other Green Street St. Louis projects the redevelopment of the building is slated to be a LEED certified project incorporating components that will decrease the operational costs for UCBC. Our collective goal is to renovate the building and introduce mechanisms that maximize the efficiency of Urban Chestnut operations while minimizing their impact on the environment, stated Phil Hulse, President of Green Street St. Louis. Generally speaking, we intend to employ green modifications to minimize Urban Chestnuts energy footprint. The western portion of the main building was built in the 1920s with the eastern additions added in 1986 and 1991. In order to soften the exterior dimensions of the warehouse building significant changes to the exterior will be completed, including a large glass curtain wall in the central section of the building allowing the fermentation tanks to be showcased and visible from the street. Exterior modifications will include outdoor seating and distinctive signage that will further connect the building to the Groves eclectic Manchester Avenue streetscape. Green Street is excited to partner with Urban Chestnut Brewing Company in the redevelopment of the property, which will further revitalize the The Grove neighborhood, says Peder Hulse, Vice President of Brokerage Services. Green Street St. Louis is an entrepreneurial, full-service real estate solutions provider. Green Street distinguishes itself through the application of sustainable design and building principles in the adaptive reuse of infill locations. With a focus on user objectives, Green Street provides a comprehensive and integrative suite of services from project conception through construction leading to operational success for our clients. Green Streets approach utilizes established experience to complete innovative real estate projects as an advisor, a developer, and as a property owner. Urban Chestnut Brewing Company (UCBC) is an unconventional-minded yet tradition-oriented brewer of craft beer. Founded in early 2011 and located at 3229 Washington Avenue in Midtown St. Louis, it brews both small batches of artisanal, modern American beers (their Revolution series) and classically-crafted European styles (their Reverence series). The founders are Florian Kuplent and David Wolfe. Kuplent is a German born and trained brewmaster with extensive experience at both small breweries, worldwide, and with the world's largest, Anheuser-Busch InBev. Wolfe is a 20-year beer industry member, who was with Anheuser-Busch as well, prior to joining Kuplent in founding Urban Chestnut.