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Holland 1916 Inc. Relocates to Liberty, Mo.

19 Jul 2013, 9:53 pm

By Gabriel Circiog, Associate Editor

Holland 1916 Inc., a private company that is corporate parent for five manufacturing companies, has recently announced it will relocate its corporate headquarters and three of its companies to Liberty, Mo.

Mike Stradinger, CEO of Holland 1916, said: “We needed a facility that could accommodate future growth, provide a more attractive work environment for our current employees and become a centerpiece of future marketing efforts to new customers and new employees. After an extensive search, we determined that the Liberty facility best accomplished those goals.”

The company has leased a 95,000-square-foot facility at 2901 Heartland Drive in the Heartland Meadows Industrial Park and plans to start operations at the new location in August. Holland 1916 Inc. was represented by Patrick J. McGannon, SIOR of Kessinger/Hunter & Co. The owner of the building, Monmouth Real Estate Investment Corp., a public REIT, was represented by Dan Jensen, SIOR and Michael Watson also of Kessinger/Hunter & Company.

The Missouri Department of Economic Development, the City of Liberty and LEDC came up with a strategic economic incentive package to assist Holland 1916 with its expansion. “This move signifies a lot of effort and collaboration among many partners including LEDC, the city and the state,” said Rick McDowell, LEDC executive director. “LEDC is pleased to welcome Holland 1916 Inc., along with the 62 new jobs it brings to Liberty.”

Besides the corporate headquarters relocation, the company will also move its manufacturing operations for Holland Interface Solutions Inc., Holland Integrated Metal Solutions Inc. and Osprey Evaporation Technologies LLC. Holland will keep the other two subsidiaries, Holland Nameplate Inc. and Holland RFID Inc., in North Kansas City, Mo.

Photo Courtesy of: www.mreic.com



Hunter Hotel Advisors Closes on Sale of Holiday Inn Express; Blue KC Announces First Live Blue Center in Zona Rosa

25 Jun 2013, 9:46 pm

By Gabriel Circiog, Associate Editor

Hunter Hotel Advisors recently announced the firm closed on the sale of the 84-guestroom Holiday Inn Express & Suites Wichita Airport in Wichita, Kansas.

Located just north of Wichita Mid-Continent International Airport, on West Kellogg Avenue and just west of Interstate 235 and downtown Wichita, the 5-year-old Holiday Inn Express & Suites Wichita Airport is conveniently situated close to numerous companies in the aviation sector and close to several regional attractions such as Town West Mall, Botanica Gardens, Museum of World Treasures and Exploration Place.

Hunter represented TNJ Group as the seller, and arranged the sale of the asset to KAJ Hospitality who also owns two other IHG properties in the local market. Marilyn Cox, vice president of Hunter Hotel Advisors, said: “This is a strong performing asset that is positioned to reap the benefits of the strengthening Wichita economy.”

In other news, in Kansas City, Blue Cross and Blue Shield of Kansas City (Blue KC) has announced the launch of the Live Blue service mark, an innovative center which will focus on wellness and education. The first Live Blue center is scheduled to open on Aug. 1 in Zona Rosa, and the company expects to finalize and open a second location in Prairie Village this fall.

“Blue KC is taking our leadership position in health and wellness to the next level with Live Blue,” said David Gentile, president and chief executive officer, Blue Cross and Blue Shield of Kansas City. “Live Blue is a tangible example of our dedication to help the Kansas City community be inspired, be informed and be well.”

The nearly 4,000-square-foot space will include a multipurpose room for seminars, fitness classes and a hospitality area for demonstrations on healthy eating. A dynamic calendar wall will also be displayed with details of the Live Blue offerings as well as runs, walks and healthy lifestyle events occurring throughout the community.



Block Plans $100M Industrial Development on Agricultural Site

4 Jun 2013, 3:17 pm

By Gabriel Circiog, Associate Editor

Block Real Estate Services Inc. recently closed on the purchase of a 118.5-acre Lenexa site which is set to be transformed into a $100 million industrial development.

The Kansas City Business Journal reports Block Real Estate Services Inc. has closed the $4.6 million sale for the buyers, Renner 113 Associates, a partnership led by Block which includes investment partner Chymiak Logistics LLC. The former agricultural land, located on the west side of Renner Road north of 113th Street, was sold by Busch Farms. Ken Block, Michael Block and Lou Serrone of Block Real Estate Services Inc. represented the buyers.

The L-shaped site will be developed into the Lenexa Logistics Centre, which is expected to feature over 1.6 million square feet of industrial space. The project will be built in two phases. A roughly 80-acre phase will have frontage on 113th Street and Renner Road. and a 40-acre phase will have frontage on College Boulevard.

Principal with the firm, Michael Block, told the journal that construction of the first building within the project, which will cover 260,000 square feet, is set to start in July. Occupancy is scheduled for May or June 2014.

The building was set to be built on a speculative basis but Michael Block revealed that they have already received several proposals, including one for the whole construction. The first building of the project could turn into a build-to-suit.

The project plan calls for the construction of a total of 10 buildings, including some build-to-suits and some specs. The buildings will range in size from 72,000 square feet to 350,000 square feet.



PQ Corp. Invests $120M in Kansas City Plant Expansion

18 May 2013, 2:38 am

By Gabriel Circiog, Associate Editor

PQ Corp. recently announced plans to invest $120 million in the expansion of its chemical plant in Kansas City, Kansas. The expansion would add between 40 and 50 jobs to the 100 existing jobs.

The Kansas City Star reports the Pennsylvania-based company held a ceremonial groundbreaking with Governor Sam Brownback and other state and local officials in attendance. Design and engineering work has already started at the plant located at 1700 Kansas Avenue. Construction is expected to be completed by the end of 2014.

PQ Corp. has several other manufacturing plants across the country but said it chose the one in Kansas City, for expansion due to its dedicated workforce, existing infrastructure and the strong backing it has received from the state. The investment demonstrates the company’s commitment to Kansas, Wyandotte County and the Kansas City area.

Business incentives for hiring additional employees and sales tax incentives for capital construction purchases to be used in the expansion were received as economic development aid from the state. The State and local governments will also offer around $25 million to the company in grants, loans and training costs. State officials said they expect to recover their investment in the next two years.

Based in Malvern, Pennsylvania, PQ Corp. produces inorganic specialty chemicals and engineered glass materials.

In other local real estate news, The Kansas City Star reports a record $115 million in construction activity was reported in April by Overland Park city officials. Around two-thirds of the total was due to a significant increase in residential construction activity with $59 million in apartment construction and $17 million in single-family housing.

Logo Courtesy of: www.pqcorp.com



Lenexa City Council Approves $64M Luxury Apartment Development for City Center

22 Apr 2013, 4:30 pm

By Gabriel Circiog, Associate Editor

A new luxury apartment project has been approved by the Lenexa City Council for the City Center mixed-use development.

The Kansas City Star reports the $64 million development project, which was previously turned down after a 5-to-3 vote from the planning commission, will go ahead as the Lenexa City Council decided against the recommendation of its planning commission. The commission initially rejected the proposal due to concerns regarding its density and the effect it will have on traffic.

The project, dubbed as the Residences at City Center, will feature a total of 306 units in the first phase, out of which 168 will be one-bedroom apartments and 138 will be two-bedroom units, in four- and five-story buildings. Located on a 28-acre site northeast of 87th Street Parkway and Renner Boulevard, the development is being built by Block Real Estate Services. With an additional 246 units planned for the second phase, the project will end up delivering a total of 552 units targeting young professionals and empty-nesters. The new apartment project will also include covered parking, outdoor fireplaces, elevator access and a center green space.

According to the newspaper, the city community development director, Beccy Yocham, said the council considered the project will fit with the strategic plan for City Center. She also mentioned that the city planning staff recommended its approval.

The City Center project has made significant progress recently after Perceptive Software moved its headquarters there from Shawnee last year. Lenexa approved $11 million in tax increment financing for the $50 million headquarters development and up to 1,000 employees are expected to work there upon completion of the building. Other recent activity at the City Center includes the leasing of office space by B.E. Smith in a four-story existing building. Grand Street Café also announced it was opening on the first floor. Another 20,000-square-foot office and retail building is also planned along with a major civic center which will include a recreation and fitness center as well as an auditorium.

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Rendering Courtesy of: www.lenexacitycenter.com







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