Congress Logistics Center set to offer 634,344 square feet of industrial space to Kansas City market
On behalf of VanTrust Real Estate, LLC, JLL announced the firm has been selected as the exclusive leasing partner for Congress Logistics Center 634 today. The project, underway and on track for completion Q2 2021, offers close proximity to Kansas City International Airport which transports more air cargo than any air center in the six-state region.
JLL’s Phil Algrim is leading the marketing and leasing effort for the project.
“With KCI’s new, one million square foot terminal set to deliver by 2023, Congress Logistics Center is terrifically positioned to provide a central US logistics solution near one of the top locations for air cargo and distribution in the US,” said Algrim.
In addition to the project’s location, the development will offer a 16 year tax exemption through Port KC. Building features include 63 dock doors equipped with levelers, bumpers and seals, 36-foot clear height, insulated tilt walls, four drive-in doors and on-site trailer storage.
According to JLL’s latest Industrial Outlook, the industrial construction pipeline and absorption continues to remain strong, despite delays as a result of the pandemic. In Kansas City, the second quarter leasing velocity remained steady with total vacancy rate decreasing from 5.1% in Q1 to 4.9% in Q2. 99% of all 2019 modern distribution deliveries have been leased and YTD 40% of distribution center buildings under construction have had leases consummated.
VanTrust is a national real estate developer headquartered in Kansas City. The VanTrust development team brings a long resume of successful projects including build-to-suit, speculative, and third-party fee development opportunities in a wide spectrum of real estate product types. In addition to user clients, VanTrust builds for the account of their parent company, Van Tuyl Companies. Coupling decades of experience and dedication with unyielding determination to invest in the right people, VanTrust celebrates an unparalleled portfolio of assets and an unmatched level of real estate development spanning a wide variety of product types across the nation.
For additional information on opportunities at Congress Logistics Center, contact Phil Algrim at +1 913 469 4605 or Phil.Algrim@am.jll.com.