NorthPoint plans $125M Turner Logistics Center in KCK

Riverside-based NorthPoint Development seeks approval from the Unified Government of Wyandotte County/Kansas City, Kan., to build a $125 million logistics park at the northern intersection of Interstate 70 and the Turner Diagonal.

Turner Logistics Park would include eight buildings ranging in size from 240,000 square feet to 541,000 square feet. The entire project would be about 2.7 million square feet.

The project will include updates to the public infrastructure around the project site, including a new interchange at I-70 and Turner Diagonal. According to the development agreement, that would be paid for through a mix of UG, Kansas Turnpike Authority, Kansas Department of Transportation and grant funds.

In addition, the developer also requests a 20-year, 100 percent property tax abatement through industrial revenue bonds. That would complement a PILOT, or payment-in-lieu of taxes, that the developer will pay based on the square footage complete at the time. NorthPoint also requests a sales tax exemption on construction materials.

NorthPoint was unavailable for comment at the time of publication. It’s unclear from the filing whether NorthPoint has any tenants for the park.

Founded by CEO Nathaniel Hagedorn in 2012, the Riverside-based company has ridden a wave of industrial development successes in Kansas City and throughout the country.

The company has developed about 50 million square feet of industrial space at local sites, including Logistics Park Kansas City in Edgerton, plus markets near its satellite offices in St. Louis, Cincinnati and Chicago, and cities throughout Texas and Florida.

read the full article >>