Logistics Park Kansas City building will total 822,104 square feet
EDGERTON, Kan. (May 5, 2015) – NorthPoint Development has announced the construction of Inland Port XIV, an 822,104 square- foot speculative building at Logistics Park Kansas City (LPKC). In addition to being the largest industrial building constructed on a speculative basis in the Kansas City market, the building will be the first speculative building to feature 36-foot clear height.
“Upon completion of Inland Port XIV, which is expected in December 2015, there will be approximately 3.6 million square feet of new buildings at LPKC. The total future building capacity at LPKC is 17 million square feet,” said Patrick Robinson, Vice President at NorthPoint Development. “We look forward to welcoming a tenant for this spec building and expect to see continued interest in LPKC as shippers continue to evaluate the total costs of real estate occupancy, including the costs of transportation networks.”
“The City of Edgerton is pleased to see the ongoing progress at LPKC, and we are excited to continue our partnership with NorthPoint,” said Mayor Don Roberts of Edgerton. “We knew that NorthPoint was an aggressive partner, but we did not imagine that we would have at least 3.6 million square feet of deliveries over a two year period.”
Southwest Johnson County Economic Development Corp. President Greg Martinette said the project will have a tremendous impact on the region. “The new Inland Port XIV will enable Southwest Johnson County to continue to attract high-quality projects.”
Located in Edgerton, Kansas, a suburb southwest of Kansas City, LPKC is a 1,500-acre master-planned distribution and warehouse development that is anchored by BNSF Railway’s (BNSF) newest intermodal facility, which opened in the 4th quarter of 2013. Companies located at LPKC can benefit from significant transportation savings and direct access to the heavy-haul corridor. For more information about the benefits of co-locating a facility at LPKC, visit www.logisticsparkkc.com. NorthPoint is the exclusive developer at LPKC and is represented by Kevin Wilkerson and Phil Algrim, with JLL. For leasing opportunities at LPKC, contact JLL at 913.469.4600. Project partners include UMB Bank, Finkle-Williams Architecture, RIC, the City of Edgerton, Johnson County and The State of Kansas.
About NorthPoint Development
NorthPoint Development is a privately held real estate development company specializing in complex master-planned projects. NorthPoint is actively development logistics oriented in eleven markets across the United States and serves as the real estate developer for Logistics Park Kansas City (LPKC), a 1,500 acre inland distribution hub that includes a public private partnership and BNSF’s newest intermodal facility. Typical discussions with prospective tenants include decreasing operating costs, matching empty containers with export loads, decreased drayage expenses, and increasing utilization of domestic intermodal services. For lower volume shippers, typical savings represent 30-40% of the total costs of occupancy. For higher volume shippers, combined savings can represent the entire cost of occupancy. Visit www.beyondthecontract.com and www.logisticsparkkc.com for more information.
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
About Southwest Johnson County EDC
A collaboration among the Kansas cities of Gardner, Edgerton and New Century AirCenter, the economic development organization in Southwest Johnson County is responsible for landing businesses and driving growth. A community-minded organization, Southwest Johnson County EDC packages, markets and sells the region locally, regionally, nationally and beyond. As the central distribution point with national and international access to transportation of goods via land, air and rail, Southwest Johnson County is at the intersection of connection.