KANSAS CITY, MO. — Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures, has broken ground on a 300,000-square-foot facility in south Kansas City. The facility is scheduled to be operational by the end of 2024 and employ up to 130 full-time team members. The project site is located adjacent to the CPKC intermodal terminal. The property will offer roughly 50,000 pallet positions, blast freezing technology and four rooms convertible to -20 degrees Fahrenheit. Primus Builders is the general contractor.
INDEPENDENCE, MO. — Hullmark Construction is underway on a 34,000-square-foot industrial build-to-suit at MetroEast Commerce Center in Independence, an eastern suburb of Kansas City. The developer is a local partnership doing business as Tamiami LLC, and the tenant is a medical transport company. Completion is slated for fall 2024. John Hassler of Newmark Zimmer handled lease negotiations and is also marketing sites within the industrial park on behalf of the developer.
BERKELEY, MO. — Clayco, a full-service development, architecture, engineering and construction firm, is relocating its St. Louis offices and operations center to a redeveloped 230,000-square-foot building within NorthPark Development in Berkeley, a northwest suburb of St. Louis. Clayco currently maintains multiple offices in Overland and Clayton, Mo., and will relocate 580 St. Louis-based team members to the new facility, which is located at 8640 Evans Ave. The new office will be able to accommodate over 1,000 employees, as the company expects to expand in the coming years. While Clayco’s corporate headquarters will remain in Chicago, the Berkeley office will serve as the home of many of the company’s design-build functions, including operations, business unit leadership, architecture, process engineering, safety, IT, marketing, finance/accounting and talent management. Clayco subsidiaries, Concrete Strategies, Clayco Design & Engineering and Consolidated Distribution Co., will be headquartered in the new office. Clayco and its real estate development subsidiary, CRG, have partnered with Missouri’s Department of Economic Development and Missouri Development Finance Board as well as the City of Berkeley to facilitate the move. As part of an incentive proposal from the state, Clayco will retain its existing Missouri workforce and is committed to creating at least 400 …
KIRKWOOD, MO. — Brinkmann Constructors has topped out The James, a 152-unit apartment community in the western St. Louis suburb of Kirkwood. High Street Residential, the residential subsidiary of Trammell Crow Co., is the developer. The five-story project will feature 285 parking spaces and 7,000 square feet of retail space. Amenities will include a pool, courtyard, entertainment lounge, fitness center, pet spa, work-from-home spaces and coffee bar. The project team includes ESG Architecture and Design. Greystar is handling property management and leasing efforts, which are currently underway. Monthly rents start at $1,583, according to the property’s website. Completion is slated for January.
KANSAS CITY, MO. — Amerhart has leased 144,490 square feet of industrial space at Blue River Commerce Center Building IV in Kansas City. NorthPoint Development owns the business park, which is now fully leased. Wisconsin-based Amerhart will use the facility to warehouse and distribute its building products and plans to take occupancy in December. Jack Goldsborough of Cushman & Wakefield and Ed O’Connor of Lavista Associates represented the tenant, while Joe Accurso of Cushman & Wakefield represented ownership.
CHESTERFIELD, MO. — Keystone Construction Co. has broken ground on a 131,000-square-foot headquarters and manufacturing facility for Tubular USA in Chesterfield, a western suburb of St. Louis. Tubular is a supplier of in-line galvanized pipe and tubing. The project is located within Phase II of Spirit Valley Business Park. The new facility will replace Tubular’s two existing buildings in Weldon Spring, Mo. The project team includes Gray Design Group, Stock & Associates Consulting Engineers Inc. and Knapp Engineering. Completion is slated for June 2024. Keystone built the infrastructure for the first phase of the 50-acre Spirit Valley Business Park in 2008 and has since constructed 11 buildings within the business park.
KANSAS CITY, MO. — The Opus Group and Balboa Real Estate Partners have completed The Darby at Briarcliff, a 255-unit luxury apartment complex in Kansas City. Owned by Balboa, the property is situated in the Briarcliff West neighborhood and consists of two buildings. Amenities include a pool, lounge, private event space, fitness center, patio, work-from-home lounge, coffee bar, pet spa and dog run. The development is part of a master-planned community initiated by Charles Garney of Briarcliff Development Co. Over the course of two decades, the firm has revitalized what was once a 400-acre infill site by developing single-family residences, apartments, commercial spaces and hotels. Monthly rents at The Darby at Briarcliff start at $1,203. Residents can now earn one month of free rent, according to the property’s website. Coastal Ridge is the property manager for The Darby at Briarcliff. Opus served as developer, design-builder, interior designer, architect and structural engineer.
ST. LOUIS — Boeing has selected a joint venture between PARIC Corp. and Barton Malow to build a 1 million-square-foot expansion of its “Air Dominance” production site near the St. Louis Lambert International Airport. Construction of the various facilities is expected to employ 1,200 construction craft workers over the course of the program. Pre-construction planning efforts are underway, with initial construction estimated to begin in the first quarter of 2024. The project team also includes Arch Key/Sachs, icon Mechanical, Murphy Mechanical, PayneCrest Electric and Shannon & Wilson. Industrial Project Innovation is the owner’s representative, and Jacobs will provide engineering services.
ST. LOUIS — Berkadia has brokered the $7.5 million sale of Lynn Town Apartments in St. Louis. The 144-unit, garden-style multifamily property is located at 9675 Muriel Ave. The community was built in 1963. Andrea Kendrick, Ken Aston and Bobby Mills of Berkadia represented the seller, the original developer who had owned the property for 60 years. The buyer was undisclosed.
UNION, MO. — Colliers Mortgage has provided an $11 million Fannie Mae loan for the refinancing of Hummingbird Heights, a 108-unit multifamily property in Union, about 50 miles southwest of St. Louis. The garden-style community is comprised of 21 buildings. Adrian Hartman of Colliers originated the loan on behalf of the borrower, an entity doing business as Hummingbird Heights LLC. According to Colliers, the refinancing enabled ownership to recoup a portion of equity deployed during development, reposition conventional debt to nonrecourse freeing up future development borrowing capabilities, and boost cash flow due to the longer amortization and interest-only period.