by MWM Staff
LANE4 Property Group plans to break ground within a month on a major development in Liberty, Missouri.
The new development, named Liberty Logistics Center, will be located on a 68-acre tract of land at MO Highway 69 and Liberty Parkway, adjacent to the Ford Assembly Plant and visible from Interstate 35.
“We love this project for a variety of reasons,” said Hunter Harris, partner at LANE4. “Because of its immediate access to I-35 and 10-minute access to I-70, the site is ideal for distribution and logistics-focused users looking for supply chain advantages. Liberty is one of the fastest growing communities in the region, responsive to economic development and a prime location for a growing workforce. Overall, this project encompasses all the characteristics we look for when deciding where to invest.”
The development will feature three large buildings, built on a speculative basis, available for commercial manufacturing and distribution operations.
The largest and first to be constructed building will be 741,000 SF with 36-floor ceilings and up to 146 dock doors. The two smaller buildings will be 80,000 SF and 132,000 SF with 32-foot ceilings, accommodating smaller users. All the buildings will feature 50 by 50-foot column spacing with 60-foot speed bays, office storefronts and clerestory windows around the exterior.
Additionally, the development will include a retail portion, Liberty Parkway Plaza, containing eight pad sites fronting I-35 and the Logistics Park. These pads are ideal for restaurants and retailers to cater to the logistics center tenants and employees, as well as the surrounding population.
This development embodies LANE4’s evolution from a retail-focused brokerage firm to a geographically-focused, full-service firm developing multiple asset classes. The transition into multifamily, senior living and industrial projects began with the firm’s first mixed-use project, 39Rainbow in Kansas City, KS in 2012.
Since then, LANE4 has invested heavily in non-retail assets through both acquisition and development, and now maintains a well-diversified portfolio.
“We’ve developed a solid set of real estate fundamentals that guide our endeavors. Our strength is in understanding the commercial real estate landscape of Kansas City and the Midwest region, and recognizing the potential for successful projects, regardless of asset class,” Harris said.
Construction is expected to begin within a month and the first of three buildings will be complete in late 2020.
LANE4 Property Group serves as the developer for the entire project as well as leasing/sales agent of the retail component. Joe Orscheln with CBRE is providing industrial leasing services. Architecture and engineering services are provided by Davidson Architecture and Engineering.