The three Class A distribution buildings are located in one of the supply chain and logistics distribution hotspots in the United States, with the ability to reach 85 percent of the U.S. in two days or less
VanTrust Real Estate, LLC (VanTrust) recently broke ground on the Platte International Commerce Center in Platte City, Missouri. Three Class A buildings accounting for 2.36M square feet will be available for leasing to tenants, with specific spacing availability from 50,000 to 1.3M square feet. The first speculative building will span 748,833 square feet, and is expected to be shell complete May 2024.
JLL’s Phillip Algrim, executive vice president, and Kevin Wilkerson, managing director, are leading the leasing assignment for VanTrust.
“The Kansas City metro area continues to standout as one of the best locations in the U.S. for supply chain and logistics optimization,” remarked Algrim. “The Platte International Commerce Center is located in the Northland submarket of the Kansas City metro area adjacent to a new world class airport and transportation infrastructure. It is poised to attract a wide variety of tenants due to the new KCI terminal and the quality Northland labor pool. We look forward to welcoming tenants.”
In addition to an optimal location in the Kansas City metro with immediate access to I-29 and I-435, the distribution center is ideally located nationally. Kansas City is regarded as a top location for ecommerce companies with the ability to reach most of the U.S. in two days or less, and the location provides access to the following major freight distribution markets within 12 hours: Chicago, Dallas, Denver, Indianapolis, Louisville, Memphis, Milwaukee, Minneapolis, Nashville, Oklahoma City, Omaha and St. Louis.
“We designed Platte International Commerce Center to be an outstanding distribution center for companies seeking a state-of-the-art property situated with close proximity to an international airport and with access to the nation’s major freight distribution markets,” said Grant Harrison, VanTrust Senior Director of Development. “With JLL’s partnership, we look forward to realizing this vision and helping grow Kansas City metro economies and helping our tenants succeed.”
Whiting Turner Contracting Company is leading the design-build team for Platte International Commerce Center which includes Olsson Engineers and M+H Architects.
The JLL Q4 Industrial Insight research reported record net absorption across 2022 of over 12.5 million square feet and forecasted continued industrial tenant demand.