MOUNT KISCO, N.Y.--(BUSINESS WIRE)--Jul 8, 2026--
Diamond Properties announced today that it has acquired 130 Byassee Drive, a fully leased industrial warehouse property located in Hazelwood, Missouri, within the greater St. Louis metropolitan area.
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The acquisition brings Diamond Properties’ Missouri portfolio to eight buildings and reflects the firm’s continued intent to grow its presence throughout the state. The property adds a functional, income-producing industrial asset to Diamond Properties’ portfolio and aligns with the company’s strategy of investing in well-positioned commercial real estate assets in established regional markets.
Located minutes from St. Louis Lambert International Airport, the property benefits from its placement in one of the region’s active industrial and logistics submarkets. The building totals approximately 52,272 square feet and sits on 2.89 acres, offering a practical configuration for warehouse, distribution, and light industrial operations.
“130 Byassee Drive is the type of asset that aligns well with our long-term industrial investment strategy,” said Jim Diamond, CEO of Diamond Properties. “With this acquisition, Diamond Properties now owns eight buildings in Missouri, a market where we see continued opportunity for growth. The property combines full occupancy, strong functionality, and a strategic location near major transportation infrastructure, and we believe it offers stable performance today with meaningful opportunities for continued value creation through active ownership and management.”
The facility includes approximately 5,225 square feet of office space, 13 exterior dock doors, approximately 20-foot clear height, masonry construction, and a wet sprinkler system. These features support efficient industrial operations and make the property well-suited for users requiring access to the greater St. Louis market.
For Diamond Properties, the acquisition represents another step in the firm’s disciplined approach to identifying commercial real estate assets with durable tenant demand, practical building fundamentals, and strong market connectivity. The company intends to continue evaluating opportunities across Missouri as part of its broader growth strategy.
Property Overview
Address: 130 Byassee Drive, Hazelwood, Missouri
Building Size: Approximately 52,272 square feet
Site Size: Approximately 2.89 acres
Occupancy: Fully leased
Office Space: Approximately 5,225 square feet
Loading: 13 exterior dock doors
Clear Height: Approximately 20 feet
Fire Protection: Wet sprinkler system
Market: Greater St. Louis industrial market
Hazelwood continues to serve as a key industrial location within the St. Louis region due to its proximity to the airport, regional highways, and a deep base of warehouse, logistics, and light manufacturing users. The area’s established industrial infrastructure and access to transportation routes continue to support demand for functional warehouse space.
Diamond Properties plans to actively manage the property while maintaining continuity for existing tenant operations. The firm will continue evaluating opportunities to enhance the asset’s long-term performance and operational value.
For more information about Diamond Properties, visit diamondproperties.com.
About Diamond Properties
Diamond Properties is a commercial real estate business located in Mount Kisco, NY that focuses on the acquisition of commercial properties with potential for substantial improvement through hands-on property management, market repositioning, and capital upgrades. Founded in 1995, Diamond Properties has acquired 125+ properties, including office, medical, industrial, retail, self-storage, residential, lodging, and land, and currently owns more than 100 properties with 17 million square feet in 13 states. The company continues to pursue a capital improvement and leasing program that, when combined with quality-driven customer service, has enabled it to deliver consistently high tenant satisfaction and lease renewal rates.
130 Byassee Dr, Hazelwood, MO 63042
ANKARA, Turkey (AP) — President Donald Trump said Wednesday that the U.S. will give a license to Ukraine to manufacture Patriot air defense systems to help counter Russian missile attacks, a huge coup for Ukraine which has badly needed the technology for the war now in its fifth year.
“We’ll give them the right to make Patriots. We’ll show them how to do it,” Trump said as he met with Ukrainian President Volodymyr Zelenskyy at a NATO summit in Turkey. “I think they can produce them pretty quickly.”
Patriots are expensive, in high demand and take a long time to produce. Zelenskyy has for years been asking for more of them, and more recently for a license so that Ukraine can manufacture its own.
The tone of Trump's meeting with the Ukrainian leader was a break from earlier encounters which ended in acrimony, and Trump praised Zelenskyy's willingness to reach a deal on ending the fighting in Ukraine.
He said the Ukrainian president has “done an amazing job” and “been very effective” in the war.
“We’ve actually developed a good relationship. It’s hard to believe,” Trump said, adding he believed a deal on ending the war was on the horizon and that the U.S. would “work on some kind of security package” to provide to Ukraine.
Trump wasn't as friendly with some of his NATO partners, saying he was unhappy with the alliance for pushing back against his efforts to take control of Greenland and for not supporting his war in Iran.
NATO's European members plus Canada have scrambled to meet the increased defense spending targets Trump has demanded, as the U.S. draws down the number of troops it has in Europe and insists the continent take more responsibility for its own security.
But Trump reopened old wounds as he arrived at the meeting of 32 NATO leaders by insisting again that the United States should control Greenland, a semiautonomous Danish territory. He blasted some European countries for refusing to participate in the Iran campaign, singling out Spain as “a terrible partner in NATO” and renewing his threats to cut off trade.
Ahead of the summit, Trump said Greenland “is very important” for the U.S. but not for Denmark, declaring, “We need it for protection of the world, not just the United States.”
But Denmark's Prime Minister Mette Frederiksen said her country is “ready to defend every inch of NATO including our own territory” in the event of an attack, and would rely on NATO allies to honor their commitment to defend each other.
Trump’s criticisms have in the past drawn European countries closer together as they confront wars in Ukraine and Iran, a ballooning trade deficit with China, and threats from Russia.
The president's renewed interest in Greenland could put at risk the entire future of NATO, which was founded in 1949 to counter the threat to European security posed by the Soviet Union during the Cold War.
NATO Secretary-General Mark Rutte sought to tamp down the president's ire by giving him credit for recent increases in defense spending from NATO allies.
“Grab the win. It’s there,” Rutte told Trump on Wednesday.
Ahead of the summit, Rutte praised Trump for the series of U.S. strikes on Iran overnight, after Tehran struck three merchant ships in the Strait of Hormuz.
“I think what you did last night was absolutely necessary,” Rutte said to Trump. “It was a very strong response, and I’m with you on this.”
The U.S. strikes, as well as the revoking of a license allowing Iran to sell its oil on global markets, underscored the fragility of an interim deal to end months of fighting.
Trump said of the interim agreement with Iran: “For me, I think it’s over” — but added he will allow talks to continue.
“It’s just a waste of time dealing with them,” he said.
Rutte has dedicated a huge amount of energy to keeping Trump's support for NATO and to holding the summit together.
The NATO chief pointed to countries including Estonia, Latvia, Poland and Denmark that are investing more in defense, but noted the Trump administration expects “the Europeans and Canadians will equalize their spending with the United States.”
Last month Rutte went to Washington to hail the “Trump Trillion” — the $1.2 trillion that European allies and Canada have added to defense spending since Trump came to power in 2017.
As leaders converged on Ankara, Rutte hosted a “big reveal” event to showcase the many deals planned for the increased spending — much of it to be spent on U.S. companies, creating thousands of jobs for Americans.
At last year's summit, the allies agreed to invest 5% of their gross domestic product on defense — 3.5% on their defense budgets and 1.5% on infrastructure so troops and equipment can move faster in times of conflict.
Yet figures released by NATO on Tuesday showed that Slovenia, Belgium, Spain and the Czech Republic have struggled to meet the alliance’s old spending target of 2% of GDP.
The Trump administration wants to see a leaner “NATO 3.0,” with Europe taking responsibility for its own security, including Ukraine, with conventional weapons while America would continue to provide its nuclear umbrella.
The Pentagon has launched a six-month review of U.S. military presence in Europe, leaving allies to seek clarity on just how deeply Trump intends to cut U.S. force numbers.
Zelenskyy made a fresh appeal Tuesday for Ukraine to be allowed to join the alliance, saying Ukrainian armed forces are highly experienced and would only boost NATO’s defense capabilities.
He's highlighted Ukraine’s adaptability and its ability to strike deep inside Russia. He said Ukraine’s armed forces are “eliminating” on average 30,000 Russian troops every month.
In a declaration following Wednesday's summit, NATO leaders pledged to provide Ukraine with $80 billion to help meet its defense needs this year and next, noting “the long-term threat Russia poses to Euro-Atlantic security.”
Concern has been mounting among some countries with borders near Russia that Moscow might be preparing a hybrid attack — a combination of conventional warfare with tactics like cyberattacks — on the continent as President Vladimir Putin struggles to secure victory in Ukraine.
Trump also met with Syrian President Ahmad al-Sharaa, a former insurgent who led the offensive that unseated autocrat Bashar Assad in December 2024. Despite having once been an al-Qaida fighter, al-Sharaa has won Trump’s backing as he seeks to rebuild Syria and restore its shattered ties with the West.
When asked whether he would remove Syria from the U.S. list of state sponsors of terrorism, Trump said: “I think I will. Why wouldn't I? He's done a great job.”
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Associated Press journalists Collin Binkley and Michelle L. Price in Washington contributed.
Denmark's Prime Minister Mette Frederiksen makes statements before the NATO summit in Ankara, Turkey, Wednesday, July 8, 2026. (AP Photo/Alastair Grant, Pool)
President Donald Trump speaks during a meeting with NATO Secretary General Mark Rutte at the NATO summit in Ankara, Turkey, Wednesday, July 8, 2026. (Filip Singer, Pool Photo via AP)
Ukraine's President Volodymyr Zelenskyy looks out from his car window as he arrives for the NATO Summit in Ankara, Turkey, Tuesday, July 7, 2026. (Metin Aktaş, Pool Photo via AP)
NATO Secretary General Mark Rutte, center, poses with NATO defense ministers and industry representatives during the opening of the NATO Defense Industry Forum on the sidelines of the NATO summit in Ankara, Turkey, Tuesday, July 7, 2026. (AP Photo/Hussein Malla)
NATO Secretary General Mark Rutte speaks at the opening of the NATO Defense Industry Forum on the sidelines of the NATO summit in Ankara, Turkey, Tuesday, July 7, 2026. (AP Photo/Hussein Malla)
President Donald Trump shakes hands with Turkish President Recep Tayyip Erdogan at the Bestepe Presidential Palace during a formal welcome for the NATO summit in Ankara, Turkey, Tuesday, July 7, 2026.(AP Photo/Alex Brandon)
Two men walk past the NATO logo during the NATO Defense Industry Forum at the NATO summit in Ankara, Turkey, Tuesday, July 7, 2026. (AP Photo/Hussein Malla)
