International commercial real estate developer Scannell Properties has launched the first phase of the Compass 70 Logistics development on 157 acres in Bonner Springs, Kan.
The multi-phase, $100 million industrial development could include three buildings totaling 2 million square feet once complete.
This is Scannell Properties’ third major development project to launch in the Kansas City area in the last 12 months, with all three developments potentially totaling over 6 million square feet of prime industrial and logistics space.
Other developments include the 435 Logistics Center in Kansas City, Kan., which has a 1,083,000 square foot build-to-suit development currently under construction, and I-35 Logistics Park in Olathe, Kan., which has a 568,000 square foot speculative development breaking ground in May.
Located at I-70 and 110th Street, conceptual plans for the Compass 70 Logistics project include three Class A industrial buildings with ample auto and trailer parking.
“This location is perfect as a manufacturing and logistics hub, with easy access from I-70 and convenient proximity to the Legends retail area,” Tim Elam, managing director at Scannell Properties, said in a news release. “We’re so impressed with the Kansas City area as a whole and are excited to bring more economic opportunity to the area with this third significant project.”