Hunt Midwest recently closed on the acquisition of more than 1,300 acres located adjacent to the Kansas City International Airport in Kansas City, Missouri. The property is contiguous with roughly 2,000 acres already owned by Hunt Midwest. Its addition results in nearly 3,300 acres under a single ownership for development of the largest logistics park in the State of Missouri.
The recently dubbed KCI 29 Logistics Park will support up to 18 million square feet of Class A logistics and manufacturing space, along with more than 20 acres of commercial mixed-use. It has the potential to attract more than 8,000 employees with an overall capital investment of nearly $1.3 billion over the next decade. Its highly accessible location provides immediate access to KCI Air Cargo operations and Interstates 29 and 435 via the Mexico City Interchange. 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, HuntMidwest’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.”
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% 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 includes 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 square feet of industrial development that has been built in the KC region since 2012,” said Tim Cowden, Kansas City Area Development Council’s 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.”
“Platte County EDC is excited to see the KCI 29 Logistics Park come to fruition and the further development of infrastructure and amenities it will spur,” said Tina Chace, Platte County EDC’s executive director. “The game-changing development utilizing Hunt Midwest resources will be a catalyst for continued growth, providing new job opportunities and training for our community. Our diverse labor pool, combined with easy access to KCI Airport, will make this large-scale business park an attractive location for any company looking to enter or expand in the Kansas City market.”
The KCI single terminal’s completion in 2023 will provide for convenient flight options and a bold first impression for companies looking to locate in Kansas City.
“In addition to Kansas City’s desire to serve our region’s flying public, our investment in a new airport terminal was also meant to spur new economic activity in underdeveloped areas surrounding KCI,” said Quinton Lucas, Kansas City’s Mayor. “I’m glad to see these efforts materialize, and I appreciate Hunt Midwest’s partnership in these job-creating efforts.”
Kansas City is a move-in ready market with existing building inventory and a selection of vertical-ready sites. The region had approximately 13 million sq. ft. of industrial space under construction at the end of Q1 2022. As of April 5, 2022, the Kansas City market was listing 16 Class-A industrial buildings ranging from 500,000 to 1,000,000+ sq. ft.
About Hunt Midwest
Hunt Midwest is a Kansas City-based, privately held real estate development company with six decades of expertise in industrial, self-storage, residential, multifamily, and senior living communities, totaling more than $1 billion of developed projects in multiple geographic markets. Hunt Midwest leverages its reputation, relationships, and resources to create successful real estate solutions. Hunt Midwest is part of the Lamar Hunt Family’s diverse portfolio of entities involved in real estate, sports/media, energy/resources and private equity investments. Additional marquee entities include the Kansas City Chiefs, Hunt Southwest, FC Dallas Soccer Club, Toyota Stadium, Chicago Bulls and United Center. Learn more at huntmidwest.com.