565,000 SF Industrial Building Under Construction
Colliers International will represent VanTrust Real Estate on the lease-up of the first speculative building in Raymore Commerce Center, an industrial logistics park located on 136 acres in the I-49 corridor in Raymore, Missouri. When complete, the project could accommodate three to four buildings totaling nearly 2 million square feet of industrial space. Building 1, a 565,000-square-foot speculative building, recently broke ground and is expected for delivery Q3 2021. Colliers International is actively searching for a tenant to fill this space.
Ed Elder, President at Colliers International | Kansas City, said that this project will boost the economy for Raymore, “We are honored to work with a well-known and respected group like VanTrust. Regardless of who ultimately leases this space, they will no doubt bring jobs to the community and open up the corridor to even further development – an economic win all the way around.”
Grant Harrison, Director at VanTrust, said that the site’s flexibility is what attracted them to this Raymore location. “What drew us to Raymore was the access, workforce, a great land-owner partner and City that is pro-development,” Harrison said. “VanTrust is thrilled to kickoff Raymore Commerce Center and looks forward to partnering with the City of Raymore for years to come.”
Raymore Commerce Center offers tenants a fixed 20-year tax abatement program, proximity to a superior labor pool in the Kansas City MSA, and exceptional access to the surrounding logistics network via I-49. For more information on this development, visit the project website at RaymoreCommerceCenter.com.
About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
