New industrial offering near Kansas City International Airport on track to deliver Q2 2021
Congress Logistics Center set to offer 634,344 square feet of industrial space to Kansas City market
KANSAS CITY, August 20, 2020 – On behalf of Kansas City-based 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.
For additional information on opportunities at Congress Logistics Center, contact Phil Algrim at +1 913 469 4605 or Phil.Algrim@am.jll.com.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.