VanTrust Breaks Ground on 526 KSF Kansas City Project
The facility will be part of a 2.4 million-square-foot industrial park.
VanTrust has broken ground on the 526,119-square-foot Building C at the 2.4 million-square-foot Platte International Commerce Center development in Greater Kansas City, Mo. The speculative facility may be expanded to 1.1 million square feet, with delivery expected by July 2025. JLL will handle the marketing and leasing efforts.
Whiting Turner Contracting Co., together with Olsson Engineers and M+H Architects, provide design-build services for the development.
Platte International Commerce Center is a $185 million, three-to-four-building industrial project benefitting from a 16-year, payment-in-lieu-of-taxes Abatement Program.
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Building C will feature four drive-in doors, 52 dock doors, 36-foot clear heights, 56- by 47-foot bay spacing, as well as a 135-foot truck court. Additionally, the parking arrangements are slated to include 405 auto and 61 trailer spaces.
VanTrust broke ground on the development’s first facility—Building B, which measures 748,833 square feet—in 2023 and completed it earlier this year. The 319,200-square-foot Building A was pad ready as of April and may take shape as either a build-to-suit or speculative facility.
Central Power Systems & Services fully leased Building B and, according to Business Facilities, pledged to invest more than $28.5 million to expand its manufacturing capabilities. The tenant specializes in the assembly of natural gas and diesel generators, among others.
Located at 4400 State Route 92 in Platte City, Mo., Building C will be less than 2 miles from Interstate 29 and 6 miles from the Kansas City International Airport, as well as roughly 26 miles northwest of downtown Kansas City, Mo.
JLL Managing Director Phillip Algrim and Senior Managing Director Kevin Wilkerson spearhead the leasing efforts for Building C.
Greater Kansas City’s strong industrial demand
Metro Kansas City’s industrial pipeline encompassed 3.9 million square feet of space under construction as of September, according to a report by JLL. More than 85 percent of this pipeline was preleased, reflecting strong demand.
The market witnessed 2.7 million square feet of industrial space delivered during the first nine months of the year, the same source shows. Meanwhile, the industrial vacancy rate stood at 5.6 percent in September and remained flat throughout the year.
In September, BGO and Yukon Real Estate Partners broke ground on another industrial project in the metro. The 291,000-square-foot cold storage facility will open in the third quarter of next year.
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