The first phase is made up of $15.2 million in infrastructurefor the first 180 acres, on a parcel south of the American Airlinesoverhaul base and fronting Prairie View Road and Interstate 29 onthe east side of the airport. The first of four buildings for phaseone will be a 494,000-sf spec distribution facility, with an areanext to it for a double building to go up pending demand, saysSteven Bradford, managing director of airport distribution centersfor Trammell. "If everything goes well, we'll have the specbuilding up and ready for occupancy by late fall-December 2009."The facility will be labeled "Building D," as the designations aregiven alphabetically from the northwest to the southeast portion ofthe site.

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He says the company had been talking to two groups who wereinterested in build-to-suits in the park, but then the economy wentsouth. "There had been exceptional interst in the park, it's beenvery frustrating," Bradford tells GlobeSt.com. "Everyone has puttheir requirements on hold for a short time to see how things flushout."

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The Kansas City area has a growing demand for distributionfacilities, and is working to become a major rail, trucking and airhub, Brandford says. The intermodal designation comes from the airside connection, which will bring in companies that want to haveaccess to the runways. "We're going to work to market KCI to aircargo operators, air freight logistic providers, as well asaeronautical and aviation manufacturers," he says.

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An airport is a tremendous asset when used by property owners ina proper way, though air cargo is one of the first things to go ina slowdown, Bradford says. "People are using less air freight forcomponents or high-tech elements for the manufacturing process.However, what's good about air cargo is when the economy turnsaround, it's usually the first sector to pick right back up. Pluswe're getting into the peak Christmas-related items to be shipped,"he says.

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Phase two of the project will include more infrastructure to 200acres and the rest of the buildings. Some buildings will be frontedby 4,000 linear feet of runway. Long-range plans call for mixed-useretail development along Tiffany Springs Road, which will beextended west from Interstate 29.Altogether, it will cost around$200 million to build the park, Bradford says. He says it's tooearly to provide lease rates. According to a third quarter Grubb& Ellis report, lease rates for the area, which has a 6.1%vacancy rate, average about $3.23 per sf.

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