NorthPoint Development of Kansas City is replacing the California firm originally chosen to develop the new BNSF intermodal facility and plans to start work soon on its first distribution center.
The Allen Group of San Diego was selected in 2006 to build the warehouses and distribution facilities expected to be attracted to the 1,000-acre rail and truck center nearing completion in Edgerton between 183rd and 191st streets near the Interstate 35 corridor.
But in a deal announced Friday, the Allen Group handed over the lead development role to NorthPoint, a growing local firm that’s already building the Horizons Industrial Park in Riverside and has an agreement to develop an industrial project in the Fairfax area of Kansas City, Kan.
“NorthPoint will be the lead developer, and we’ll be an investor in the project and remain involved,” Richard Allen, chief executive of the firm, said Friday.
A new entity called Edgerton Land Holding Co. has been formed between NorthPoint and the Allen Group.
Nathaniel Hagedorn, president and CEO of NorthPoint, said his firm plans to break ground on a 500,000-square-foot speculative building in the next 30 days and have it ready by the time the BNSF intermodal facility opens this fall.
In Riverside, NorthPoint completed its first 155,000-square-foot speculative building a year ago, and it is 80 percent leased.
Work is underway on a second building with 170,000 square feet of space, and the plan for the 260-acre industrial park at Interstate 635 and Missouri 9 calls for 3 million square feet total.
The BNSF intermodal center, called Logistics Park Kansas City, is geared toward much larger distribution centers. More than 8 million square feet of distribution space is expected to be built in its first phase.
Logistics Park Kansas City will be able to unload a half million containers annually to start and is expandable to 1.5 million per year.
In comparison, the current BNSF Intermodal at its Argentine yard in Kansas City, Kan., was designed for 285,000 containers and actually handled 330,000 last year.
ARTICLE BY: KANSAS CITY STAR – BY KEVIN COLLISON
Date: Friday, April 5, 2013