Hunt Midwest recently closed on the acquisition of more than 1,300 acres located adjacent to the Kansas City International Airport in Kansas City, Mo.
The property, recently dubbed KCI 29 Logistics Park, is contiguous with roughly 2,000 acres already owned by Hunt Midwest. The addition results in nearly 3,300 acres under single ownership for the development of the largest logistics park in the State of Missouri, according to a release.
The development will support up to 18 million SF of Class-A logistics and manufacturing space, along with more than 20 acres of commercial mixed-use. . Area infrastructure is robust with available onsite transmission level power, a transmission waterline and a wastewater treatment plant.
“With Hunt Midwest’s existing land holdings in the area, we saw this acquisition as a good strategic move to augment the unprecedented industrial growth that Kansas City is experiencing. Hunt Midwest will leverage its real estate development expertise, resources and relationships to offer users optionality for both warehousing and manufacturing,” said Ora Reynolds, Hunt Midwest’s president & CEO.
“Disruptions in the global supply chains have driven the need to store more inventory closer to the end consumer and to reshore manufacturing back to the United States. We hope to capitalize upon these demand drivers with some big ‘wins’ right here in Kansas City.”
Its highly accessible location provides immediate access to KCI Air Cargo operations and Interstates 29 and 435 via the Mexico City Interchange
National users have seen transportation costs increase exponentially, leading them to seek additional distribution facilities to help cut costs while maintaining their ability to reach a maximum amount of the U.S. population in the shortest time. KCI 29 Logistics Park will offer users the ability to reach 90 percent of the U.S. population in two days via truck or overnight via air freight. Tenants will benefit from the property’s central location and proximity to logistics drivers such as KCI Air Cargo operations, which include hubs for UPS, FedEx and USPS. Another advantage for tenants is the opportunity to be close to the manufacturers they supply.
“With shifts in consumer demand, the need for accelerated speed-to-market is essential for companies in today’s global economy. The KCI 29 Logistics Park provides prime, vertical ready offerings and will join the more than 60 million SF of industrial development that has been built in the KC region since 2012,” said Tim Cowden, KCADC president & CEO. “With the leadership of Hunt Midwest in securing acreage near KCI Air Cargo and our nearly completed state-of-the-art single terminal — and the work of KC SmartPort, which promotes the region’s industrial strengths — Kansas City continues to lead as a top market for manufacturing and distribution.”
According to the release, the development has the potential to attract more than 8,000 employees with an overall capital investment of nearly $1.3 billion over the next decade.
Feature aerial image courtesy of Hunt Midwest.