Joint venture planned to bring pair of industrial parks to Kansas City

KANSAS CITY, Mo. (KCTV) - A Kansas City-based real estate development company announced plans Thursday to help bring a pair of industrial parks to Kansas City, Missouri.

Hunt Midwest said it is partnering with Real Estate Investment trust Prologis for a build-to-suit joint venture. The 3,300-acre KCI 29 Logistics Park, located around Kansas City International Airport, is Missouri’s largest industrial megasite under a single ownership.

It’s planned for up to 20 million square feet of industrial development and anchors a new partnership along with Five Star Logistics Park, which is located nearby.

“This partnership is a tremendous opportunity to align Hunt Midwest’s local resources with Prologis’ global user relationships to ensure Kansas City and Missouri are competing for the most impactful logistics projects,” Hunt Midwest President & CEO Ora Reynolds said. “Together, we will build on the success at KCI 29 Logistics Park and position the region as a premier location for long-term investment.”

KCI 29 Logistics Park will be located just north of the airport at the intersection of Interstates 29 and 435. It will provide space for large-scale manufacturing, distribution, e-commerce and technology sectors, Hunt Midwest said.

So far, the park has attracted a Fortune 100 distribution operation and Ace Hardware’s 1.5 million-square-foot retail support center, which is the company’s largest in the U.S. It’s also the largest distribution center by building footprint in Kansas City.

Five Star Logistics Park is located southeast of KCI 29 Logistics Park and just east of KCI.

The site can accommodate up to 800,000 square feet of industrial space.

“This new venture exemplifies the scale and certainty that the Kansas City region offers companies in today’s competitive environment,” said Chris Gutierrez, president of KC SmartPort. “As a top 15 U.S. industrial market, and with the positive reception of the KCI 29 site among site selectors and multiple Fortune 500 end users, Kansas City continues to reinforce its role as a critical gateway for companies’ global supply chains.”