Kessinger/Hunter starts new Olathe industrial park with large warehouse
The Kansas City Star — Monday, April 16, 2012
By Kevin Collison
Kessinger/Hunter & Co. is kicking off what’s expected to be a 2.8 million-square foot industrial park near the New Century Airport in Olathe with construction of an 821,000 square-foot warehouse project.
The building, expected to be completed in the first half of 2013, is the first of three large distribution buildings expected to be built at the 200-acre development called I-35 Logistics Park, Dan Jensen a principal at Kessinger/Hunter, said today.
While no tenant has been lined up at this point, Jensen predicted the project will benefit from a sprawling intermodal rail and truck distribution facility being developed by Burlington Northern seven miles away in Edgerton. That BNSF project is expected to open in late 2013.
“We really see this as part of the intermodal atmosphere out there,” Jensen said. “We think a rising tide will lift all boats and believe the intermodal facility they’re completing will legitimize Kansas City for the big-box distribution industry.”
No price tag was attached to the Kessinger/Hunter project which is located about 1.5 miles from the new 159th Street interchange off Interstate 35. The I-35 Logistic Park development also includes construction of 155th Street as an access route. In future years, the company plans to develop additional 921,000 and 1.1 million square-foot warehouse buildings.
In 2008, Kessinger/Hunter developed a 600,000 square-foot speculative warehouse project that ended up landing FedEx SmartPost and Bushnell as tenants.
“We are thrilled to have an 800,000 square-foot plus warehouse coming to Olathe, built by such a quality developer and placed in such a prime location,” Olathe Mayor Michael Copeland said in a statement.
The project is being financed by Sun Life Financial. It will include 168 dock doors, 270 trailer parking spots and be designed to meet the LEED standard of the U.S. Green Building Council.