Andrew Peykoff Sr., founder/chairman, and his son, Andy Peykoff II, president/CEO, have selected KC for their new manufacturing facility location.
Overstock.com has leased 517,000 square feet for a new distribution center at 5300 Kansas Ave. in Kansas City, Kan.
Luke Burbank and Kyle Roberts with Newmark Grubb Acres in Salt Lake City led the national site search for Overstock.com. Mark Long and John Hassler with Newmark Grubb Zimmer teamed with Newmark Grubb Acres to provide assistance with lease negotiations in the Kansas City region. The building is owned by BH Properties based in Los Angeles, California.
“Selecting Kansas City as the home of Overstock’s newest fulfillment center allows us to offer over 99 percent of our US customers two-day shipping options, improving shopping experiences by getting orders into the customer’s hands as soon as possible,” said Carroll Morale, Overstock.com vice president of supply chain. “We’re extremely thankful for all of the support and collaboration we’ve received from state and local officials and the Kansas City Area Development Council during this expansion process.”
Check out the official news release from KC SmartPort!
Chris Gutierrez, president of KC SmartPort, led economic development incentive efforts with regional partners including the State of Kansas Department of Commerce and the Wyandotte Economic Development Council. Overstock.com will begin to move in immediately and will employ up to 200 people.
“Kansas offers a great central location and the best workers in the country for any company looking to relocate here. We are thrilled that a successful company such as Overstock has selected Kansas City for its latest distribution center,” said Kansas Gov. Jeff Colyer, M.D. “Opening for business in Kansas will provide Overstock.com with an excellent strategic location and creates hundreds of well-paying job opportunities for Kansans.”
A long-awaited, new 15,000-square foot fire station in Prairie Village is on target for a spring delivery, with HarenLaughlin Construction wrapping up metal stud framing and interior masonry work this month. Up next: pouring the station's mezzanine and installing its exterior brick veneer.
But the biggest challenge of the $6 million project took place in the site selection and pre-construction phase, which began in 2012. Finding "available dirt" took several years, and then once a workable site behind Mission Road Bible Church at 78th and Mission Road was identified, all parties had to work together to ensure traffic flow to the church.
"This is a unique location, and it's been a large, arduous task to get it approved," said Cory Davison, HarenLaughlin project manager. "There's been lots of coordination with the church and a juggling act to make sure they have parking on Sundays and can keep their facility open during construction."
The new station will include three bays and the ability to house nine firefighters at a time. It also offers Consolidated Fire District No. 2 a more central location in the heart of Prairie Village, allowing for quicker emergency response times, according to Fire Chief Tony Lopez.
"There's been some real head rubbing on this project and sometimes we didn't think we would ever strike a deal. It's been a long process, with a lot of starts and stops," Lopez said. "But now things are really moving along nicely."
The station was designed by Archimages, Inc., with Newmark Grubb Zimmer representing the owner and providing brokerage services in the transaction.
Unity Village CEO Jim Blake shared a vision for a holistic health and fitness community with tiny homes and natural amenities on its sprawling campus near U.S. 50 and Colbern Road.
“Why not build a huge hotel and conference center here?” Blake said. “We can attract speakers here if we had greater inventory, and the business community would have whatever it wants in a conference center next to a 9-hole golf course, walking trails and fishing lakes.”
Blake shared his vision with Lee’s Summit Economic Development Council leaders at a recent luncheon, adding that Unity would like to pursue collaborative public/private partnerships to build a convention center and resort.
Although no official plans have been drafted, Blake envisions a healthy lifestyle community that is home to a first-of-its-kind holistic medical facility staffed by a renowned naturopathic physician. The community would offer summer youth programs that take advantage of miles of trails, stocked lakes, golf course and tennis courts as well as a new tiny home development.
“Nature is built on collaboration. Ecosystems are built on collaboration. Survival is building upon how communities collaborate. We have the opportunity to collaborate and build something powerful in this community rather than build something separately,” Blake said.
Any new development would complement existing facilities, which include an all-new golf clubhouse with food and beverage, 50-room LEED-certified hotel and conference center, banquet and dining hall, fitness center, 2.5 miles of walking trails, fleet of GPS-enabled bicycles, a community garden and apple barn, as well as Starbuck’s on-campus coffee shop.
Blake’s vision is purely conceptual at this point. However, commercial development already is taking shape on campus and in the Summit Village development just south across Colbern Road at I-470 and 50 Highway. A new public road has been extended off the recently constructed Blue Parkway, and Summit Eye Center has completed construction on the first phase of its new medical office building.
At buildout, phase one of Summit Village will accommodate up to 500,000-square feet of office, medical office, hotel and other commercial users requiring between 5,000 to 50,000 square feet, according to Michael VanBuskirk, principal of Newmark Grubb Zimmer, which is handling development of the project on behalf of Unity Realty.
Preliminary approval is in place for an already constructed pad site adjacent to Summit Eye Center that will accommodate a 20,000-square foot building. In addition, nearby sites are available for sale or build-to-suit opportunities. Phases two and three of Summit Village include an additional 175 acres to accommodate over 1.5 million square feet of various mixed-use development for a potential major headquarters site or rail-served flex industrial park.
Meanwhile, on-campus leasing activity is robust, with multiple spaces available. Current tenants include Almeda Labs, Healthcare Solutions Team, JSC Engineering, Transit Pros, Gardens at Unity Village, Unity Village Chapel, as well as Unity Worldwide ministries.
“We started rolling out on-campus leasing about a year ago, and right now there is 30,000 square feet of third-party tenants already occupying space,” VanBuskirk said.
A panel of leading Kansas City commercial real estate developers, builders and municipal leaders shared insight into the region's booming industrial market at MetroWireMedia's 2017 Industrial Summit on Friday, Aug. 25 at Blue Hills Country Club.
Here's a snapshot of industry insight from our panelists:
“We are seeing about 60 percent of users come from outside the Kansas City area, and we are on pace to deliver over 10 million square feet this year." -Kevin Wilkerson, JLL
“The supply side of industrial development has been somewhat disciplined. Demand has not outpaced supply at all, so we expect it will continue in a healthy fashion.” -Mark Long, Newmark Grubb Zimmer
“Kansas City companies can reach 90 percent of the U.S. in two days' shipping, so a company that years ago believed they needed to be near population densities on the east or west coast can reach 90 percent of their customers right here.” -Mike Bell, Hunt Midwest
“We are seeing more 'small boxes' that are appealing to tenants who want to be in their own space and not have to share a building, or they are a 60,000 to 80,000 square foot tenant and it appeals to them to have a right of first refusal and be in their own space and growing.” -Sam Stahnke, ARCO Construction
“From a long-term perspective, Kansas City has now reached a new level within the country as a major destination for e-commerce distribution, and that’s not going to change. The growth is going to continue for some time.” -Whitney Kerr, Jr., Cushman & Wakefield
“We are looking for opportunities where there is going to be a significant incentive to do business in Kansas City. We aren’t trying to create winners and losers amongst you all; we are trying to create winners for all of you within our Port District.” -Michael Collins, Port KC
“One of the challenges for local government, especially a government as small as Edgerton, is to be aware of what all levels of government are doing and how that might impact our ability to provide attractive incentives. Edgerton is certainly looking for opportunities to be creative and to have incentives that look different from other areas of the country.” -Beth Linn, Edgerton City Administrator
"MetroWireMedia has assembled a group of Kansas City commercial real estate leaders who are at the top of their game in what is without question the strongest industrial real estate market in recent Kansas City history. I look forward to leading the discussion as we hear about best practices for sustaining the momentum in the current red-hot market." -Chris Gutierrez, KC SmartPort
Want more insider scoop? Mark your calendars for MetroWireMedia's 2017 Multi-Family Summit on Oct. 12. Contact Lisa Shackelford for sponsorship information.
Check out our slideshow below, or head to our Facebook page and tag yourself in the event photos.