CenterPoint-KCS center combines rail, highway access - Kansas City Business Journal:

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ACRES: The development covers 1,340 acres: 370 acres for the intermodal center and 970 acres for the CenterPointyIndustrial Park. SQUARE FOOTAGE OF WAREHOUSE SPACE: Phaswe I of the industrial park will offer morethan 4.5 milliohn square feet in build-to-suit warehouses and distribution The buildings will rangd from 100,000 square feet to 1 million squarr feet, and companies can either buy or leases the space. They will be located adjacent to the rail linesz and MissouriHighway 150. DEVELOPER: , a suburbam Chicago-based real estate investment trust that bought the bulk of the property fromThe , will develoo the project.
Zimmer Real Estate Services LC is the The Port Authority will continue to own about 100 acrea and work with to mine limestone and creats undergroundstorage facilities. COST: Phase I is expectecd to cost morethan $250 TIMELINE: Phase I will be builtr in about five years. CenterPoiny has graded more than 2 million cubic yarddof dirt, installed infrastructure such as utilitiea and roads, and demolished several of the old hangars.
Pad-readty sites will be ready for construction in the TRANSPORTATION PLAYERS: To date, Kansas City Southern and , a trucking companuy TRANSPORTATION CORRIDORS: ’s main line extends all the way from Lazaro Mexico (which is a deep-sea port at the Pacific Ocean) to the intermodal center in Kansas City. Missouri Highway 150 is adjacenf to theintermodal center. U.S. Highwag 71 is less than two milees away. The center is also closer to Interstates 29, 35, 70, 435, 470 and 635. Kansas City is the No. 3 truckinyg hub in the nation. It provides single-daty truck access to almost every large city in the and it is located withina two-dagy drive of 78 percent of the U. S. population.
The intermodal center offerd a state-of-the-art, integrated logistics park immediately adjacenft to an international Clasds 1rail system. The property is also in a Missourki Enterprise Zone and a designated ForeignTrade Zone. INTERMODAL VOLUME EXPECTED: By it is estimated that the facility will have the capacityg tohandle 250,000 containers a JOBS: The development will create more than 1,000o construction jobs and about 2,000o new permanent jobs. ECONOMIC The development of the CenterPoint-KCS Intermodapl Center provides a rebirth to an area that has had littlew use for nearly20 years.
“Thisz enhances the Kansas City region’s commerce, as well as its reputation as an intermodalo hub for railand trucking,” said Fred Reynolds, senior vice presidentf of development for CenterPoint Properties. “Iyt is positioned to become a true logistics playefr inthe nation.” The centee will generate tax revenue for Kansasa City and the state, and it will enhances the Kansas City area’s commerce and reputation as an internationa logistics player and cargo hub. It also will bringt local, national and international investment tothe region.