I just love that it is a place name. One can imagine it located somewhere west of Tatooine.brewcrew1000 wrote:Makes sense, the largest warehouse inventory metros are almost always going to places with wide open spaces and lots of cheap land that you can build on.smh wrote:Inland Empire.
Kansas City ranks in the top 10 (7 th) in the nation for cubic feet added since 2010, according to data obtained by CBRE Econometric Advisors. Cubic feet, or the “third dimension”, has become increasingly more important as taller warehouses provide better value by offering more space to store goods for each square foot of rent paid.
• At the end of Q2 2017, space under construction in Kansas City was 48% pre-leased outpacing the U.S. average of 43%, and the national 17-year average of 38%. Demand remains high, even after several years of continually growing expansion, the market still has room to grow.
The Kansas City industrial market has posted 23 consecutive quarters of positive net absorption.
1.2 million sq. ft. was completed in Q2 2017 in four buildings. The first completion was a 596,000 sq. ft. build-to-suit warehouse for Sioux Chief Manufacturing in Kansas City, MO. The plumbing supply manufacturer is moving its operations, and approximately 500 jobs, from Peculiar, MO to the CenterPoint Intermodal in south Kansas City, MO. The next was a 494,654 sq. ft. speculative warehouse called Three Trails III in Kansas City, MO with 375,654 sq. ft. pre-leased occupied by Shuttlewagon with 81,000 sq. ft., AJ Manufacturing with 68,000 sq. ft., Sedecia with 90,000 sq. ft., and most recently Hy-Vee occupying 136,000 sq. ft. with plans to hire 127 employees to ramp up its online grocery service. The final two completions were a 81,000 sq. ft. build-to-suit warehouse for North American Safety Valve in North Kansas City, MO; and a 24,000 sq. ft. flex building in Lenexa, KS.
The project, to be at 87th Street and Elmwood Avenue in the Three Trails Industrial Park, will move forward with the issuance of $17 million in industrial revenue bonds, approved Thursday by the Kansas City Council.
Hy-Vee officials said its dual-purpose operation will occupy nearly 137,000 square feet in Three Trails Building III, one of three structures built by the industrial park developer, NorthPoint Development.
The fulfillment center will support the Hy-Vee Aisles Online order and delivery program. The kitchen facility will prepare food to be distributed to the grocer’s area stores.
Hy-Vee said it expects to employ about 127 people at the outset and more than 200 eventually. The average annual wage for the jobs is expected to be about $30,000.
http://www.inboundlogistics.com/cms/art ... nsas-City/CVS Pharmacy, Amazon, and others have invested more than $456 million in warehousing and distribution centers in the KC region, adding 4,700 jobs since 2015.
“Nearly 25 million square feet of speculative industrial development has taken place since 2012,” says Tim Cowden, president and chief executive officer, Kansas City Area Development Council. “The result has been that e-commerce and distribution firms can start operations faster in Kansas City than most other cities.”
https://www.bizjournals.com/kansascity/ ... on-of.htmlThe Edgerton City Council on Thursday will consider the annexation of 575 acres that may be part of a plan to expand Logistics Park Kansas City — one of the most successful industrial parks in the nation over the past three years.
Might need to create account to view...Kansas City is the second largest hub for automotive
manufacturing in the nation, featuring plants for both Ford
and General Motors. Recently General Motors announced
plans to invest $265 million to build the first-ever Cadillac
XT4 crossover SUV in its Fairfax Assembly & Stamping Plant.
Prior to this announcement GM invested $600 million in
retooling the plant in 2013. Ford invested $1.1 billion to
retool and expand its plant between 2011 and 2015. After
completion of the retooling, production began on the newly
designed F-150 pickup. According to Ford, its Kansas City assembly
plant is now one of its most advanced in the world. These major
investments insure the company’s future commitment to the area,
and reciprocate with the continued expansion of third party suppliers
throughout the metro.
https://www.bizjournals.com/kansascity/ ... trial.htmlThe company announced Monday that it has started work on its next building at Logistics Park, and the 952,956-square-foot structure will become the metro area's largest industrial building. NorthPoint also built the prior largest industrial building — 822,177 square feet — in the same park.
The building will be constructed on a speculative basis, meaning with no specific tenant in mind.