Hunt Midwest Sells KCI 29 Logistics Park Building for $158M

Posted August 12, 2026

A Hunt Midwest distribution facility, part of the KCI 29 Logistics Park, has been acquired by Morgan Stanley Real Estate Investing for $158.5 million.

Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), purchased the 1.5 million-square-foot distribution facility. This property was acquired through an off-market transaction facilitated by Mark Long and John Hassler of Newmark Zimmer, according to the release.

The facility, located at 13231 NW Roanridge Rd, is currently being leased by Ace Hardware. Ace Hardware opened its company’s retail support center at KCI 29 Logistics Park in July 2025. At the time, the facility was expected to create more than 350 new local jobs and support around 5,200 Ace Hardware stores.

“This acquisition reflects our continued conviction in high-quality net lease investments that combine strong tenant credit, mission-critical operations and institutional-quality real estate,” David Gross, managing director at MSREI, said in the release. “The facility is a best-in-class, highly automated logistics asset strategically located in Kansas City, one of the country’s most important distribution markets.”

The building features a cross-dock configuration, 40-foot clear height and extensive power capacity, and Ace Hardware’s investment in state-of-the-art automation and warehouse technology, according to the release.

KCI 29 Logistics Park is a 3,300-acre megasite, located north of the new KCI Terminal off Interstate 29. Hunt Midwest first broke ground on the site in 2023.

MSREI is a global private real estate investment management business with 17 offices throughout the U.S., Europe and Asia. The business currently manages $58 billion of gross real estate assets worldwide on behalf of its clients.