Friday, June 6, 2025
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Missouri

DevelopmentIndustrialMidwestMissouri

Trammell Crow, Clarion Break Ground on Two Distribution Facilities in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Trammell Crow Co.  and its capital partner, Clarion Partners LLC, have broken ground on two Class A warehouse and distribution facilities within the KCI Intermodal Business Centre in Kansas City. Located adjacent to the Kansas City International Airport, the buildings will total 676,000 square feet. Completion is slated for the fourth quarter. The first building will span 216,320 square feet with a clear height of 32 feet, 48 dock positions, four private entrances, two drive-up ramp dock doors, parking for 62 trailers and parking for 225 cars. The second building will span 459,680 square feet with a clear height of 36 feet, 88 dock doors, three private entrances, four drive-up ramp dock doors, parking for 110 trailers and parking for 366 cars. Kadean Construction, M+H Architects and Stock & Associates make up the project team. KCI Intermodal Business Centre is a master-planned industrial business park spanning 687 acres. It currently includes six fully built facilities. Plans call for an additional 1.2 million square feet across three buildings.

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AcquisitionsIndustrialMidwestMissouri

Stan Johnson Co. Brokers Sale of 310,000 SF Warehouse Leased to Home Depot in Missouri

by Kristin Harlow

MEXICO, MO. — Stan Johnson Co. has brokered the sale of a single-tenant warehouse and distribution center leased to The Home Depot in Mexico, about 40 miles northeast of Columbia. The sales price was undisclosed. The 310,000-square-foot property is located at 5701 U.S. Highway 54 East. It was originally constructed in 1985 and underwent renovations in 1995 and 2020. The warehouse is adjacent to another Home Depot facility that shares a joint inventory system. Jonathan Ameen and Brad Pepin of Stan Johnson represented the seller, a Midwest-based developer. A private investor from New York was the buyer.

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DevelopmentMidwestMissouriRetail

IMPACT Strategies Completes Two Cannabis Dispensary Buildouts for Proper Brands in Missouri

by Kristin Harlow

SOUTH COUNTY AND WARRENTON, MO. — IMPACT Strategies has completed two new cannabis dispensary buildouts for Proper Brands in Missouri. Both projects involved the repositioning of existing retail buildings located in South County and Warrenton. Both store locations feature specialized security measures and vaults. The interiors feature black and white design with light wood accents and midcentury modern furniture. IMPACT worked with Eddy Design Group and Case Engineering. Proper Brands is a medical marijuana company in the state of Missouri.

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AcquisitionsMidwestMissouriRetail

First National Realty Partners Acquires 339,464 SF Shopping Center in Suburban St. Louis

by Kristin Harlow

FLORISSANT, MO. — First National Realty Partners has acquired The Shoppes at Cross Keys in Florissant, a northern suburb of St. Louis. The 339,464-square-foot shopping center is 93 percent occupied and features a 63,094-square-foot Schnucks and a 98,133-square-foot Home Depot. CBRE represented the seller, a Boston-based investment advisor. The sales price was undisclosed.

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DevelopmentIndustrialMidwestMissouri

Belton City Council Approves $30M Expansion of Southview Commerce Center in Missouri

by Kristin Harlow

BELTON, MO. — NorthPoint Development has received approval from Belton City Council to move forward with its $30 million expansion of Southview Commerce Center in metro Kansas City. The development currently includes three industrial buildings that are fully leased. The expansion will enable access to the business park from 155th Street and include the construction of Building 4 on the long-vacant Century Concrete plant. The new 501,000-square-foot building will be identical in design to the other buildings. Belton City Council also approved a preliminary application for single-family lots near the project. Belton’s public-private partnership with NorthPoint also calls for the creation of a workforce development center, which will provide training to ensure a prepared workforce for the business park. NorthPoint has also agreed to fund the design and engineering as well as fund half of the construction costs to replace 1.2 miles of old cast iron water pipe along Allen Avenue.

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DevelopmentIndustrialMidwestMissouri

Hunt Midwest to Expand SubTropolis by Additional 700,000 SF

by Kristin Harlow

KANSAS CITY, MO. — Hunt Midwest has unveiled plans to build out an additional 700,000 square feet of Class A space in SubTropolis, the world’s largest underground business complex, located in Kansas City. The expansion, built on a speculative basis, will provide tenants with space for warehousing and distribution operations. With more than 7 million square feet of industrial space, SubTropolis offers lower operations and leasing costs than traditional above-ground industrial buildings, according to Hunt Midwest. It also offers a naturally temperature-controlled climate, helpful for storing inventory with a limited lifespan or specific temperature needs. A substantial portion of the business complex is currently utilized for e-commerce; archival and document storage; pharmaceutical and animal health facilities; and food distribution.

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Affordable HousingDevelopmentMidwestMissouriMultifamilyTop Stories

Cordish Cos. to Break Ground on Two Multifamily Developments in Kansas City’s Power & Light District

by Katie Sloan

KANSAS CITY, MO. — The Cordish Cos. has announced plans to break ground on two multifamily developments in Kansas City’s Power & Light District. Projects include Three Light Luxury Apartments, a $140 million, 26-story tower set to offer 288 units at the corner of Truman Road and Main Street; and Midland Lofts, a repositioning of the historic Midland office building to offer 139 affordable housing units. Three Light Luxury Apartments will feature 19 floors of studio, one- and two-bedroom units alongside penthouse-style apartments; a seven-story garage with 472 parking spaces; and 7,600 square feet of ground-floor retail.  Amenities are set to include a deck overlooking 14th Street, an infinity pool, bar, demonstration kitchen, theater room and a sky bridge above Walnut Street linking to the company’s Two Light multifamily community, allowing residents of both towers to share building amenities. The groundbreaking for the project to be built by JE Dunn Construction is scheduled to take place this May, with completion slated for May 2023. The Midland office building has been vacant for more than 20 years. Following renovations, Midland Lofts will offer a mix of studio and one-bedroom units with rents starting at $700 per-month.  Amenities will include a coffee …

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LoansMidwestMissouriMultifamily

KeyBank Secures $54M Acquisition Financing for Apartment Complex in Chesterfield, Missouri

by Kristin Harlow

CHESTERFIELD, MO. — KeyBank Real Estate Capital has secured $54 million of fixed-rate Fannie Mae financing for the acquisition of The Parq at Chesterfield in suburban St. Louis. Irvine, Calif.-based Passco Cos. was the borrower. Built in 2019, the 345-unit apartment complex spans three buildings on 13 acres. Amenities include a pool, spa, fitness center, business center, clubhouse and corporate suites. Caleb Marten and Chris Neil of KeyBank structured the financing.

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DevelopmentMidwestMissouriRetail

Block & Co. Repurposes Former FedEx Facility in Missouri into Multi-Tenant Retail Space

by Kristin Harlow

INDEPENDENCE, MO. — A Block & Co. Inc. Realtors investment group has repurposed a former FedEx facility in Independence into multi-tenant retail space. Block acquired the 8,385-square-foot property, located at 3721 Noland Road, in March 2020. It now features four tenant spaces, three of which have been leased to Little Caesars, Cricket Wireless and Grassroots Dispensary. The project also included the construction of a new parking lot and building façade. Phil Peck and Marshal Blount of Block led the investment group.

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One Hundred Above the Park St Louis
DevelopmentMidwestMissouriMultifamilyTop Stories

Mac Properties Completes 36-Story Luxury Apartment Tower in St. Louis

by John Nelson

ST. LOUIS — Mac Properties, a multifamily residential developer with offices in Chicago, Kansas City and St. Louis, has delivered a luxury apartment tower in St. Louis called One Hundred Above the Park. Clayco was the general contractor for the 36-story project, which overlooks Forest Park within the city’s Central West End neighborhood. “We are proud to have completed this world-class landmark for St. Louis in the midst of the pandemic,” says Matt McKenna, Clayco’s vice president of residential construction. “The project’s success is the result of months-long planning, scheduling and logistical collaboration between all stakeholders.” Mac Properties worked closely with St. Louis Development Corp. and the City of St. Louis to bring One Hundred Above the Park to fruition, and Clayco kept construction on schedule by completing one floor per week. Architect Jeanne Gang of Studio Gang designed One Hundred Above the Park with a “scalloped” glass façade. The angled exterior gives each of the 316 apartments a corner living room with double windows, which helps Mac Properties to improve energy efficiency by promoting natural lighting. Each floorplate is designed into a leaf-shaped pattern, which gives the tower a tiered look. “We hope residents enjoy this distinctive high-rise for …

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