Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.

Thursday, December 19, 2013

Day 9 - Construction -12 Day's of Why It's Great to be in Kansas City

12 days – Construction
Kansas City’s construction rebounded in 2012 and activity continued to increase throughout 2013 and will
College Crossing Block Real Estate Services
be rolling full steam ahead into 2014. We are proud that we have been able to work on ground breaking projects that have encouraged an incline in KC area development. The Lenexa Logistics Center and College Crossing are two recent projects that will create additional highlights to the area. The completion of these two developments will add an extra spark for KC construction and development market to showcase in the coming months.

Lenexa Logistics Center
The Lenexa Logistics Center was acquired by BRES affiliates Renner 113 Associates and a BRES investment group partnered for Logistics LLC in late May 2013. The 118.5 acre site was sold for $4.6 million, and is projected to be transformed into a $100 million industrial development located off College Boulevard and Renner in Lenexa, Kansas. The site has more than 1.6 million square feet of mid-bulk industrial space available within 10 Class A buildings. The development will include state of the art features and is speculated to have a few phases completed by summer 2013. The location’s quick access to Highways is receiving interest from spectators looking to upgrade their current spaces and is an accomplice in increasing Kansas City’s logistics hub. Ken Block noted the importance of Lenexa’s City Council “pro-development attitude” as they recently approved 10-year incentive that will take on 50 to 60 percent property tax abatement.  The Lenexa Logistics Center showcases the importance of the intermodal transportation demand in KC.  Read more about KC’s intermodal transportation demand in the BRES’ blog post.

College Crossing
BRES’s 2004 development of College Crossing Business Park at 1-35 and College Boulevard is in its final phases of Building K. The 66,916 square foot building is expected to be completed for Spring 2014 occupancy. In the final leasing phases of Building K, construction will begin on Buildings I & J.  The buildings total to 223,958 square feet are planned to be mixed-use property juggling office, warehouse, and light industrial parks.  College Crossing designers have created a unique eye catching paint scheme along with tilt up concrete construction that creates a new outlook for warehouses.

Kansas City’s ideal geographical location offers many incentives e-commerce, retail and other industries looking for an ideal logistics hub. Area government stimulants continue to encourage local construction and developments, making Kansas City a great place to be!

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Block Construction Services

Brad Simma
Vice President
Block Construction Services

1 comment:

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