KANSAS CITY—The revival of the US auto industry has set off achain reaction in this Midwestern city, as world-class supplierscontinue to set up new facilities to feed the vastGM and Ford factories.
Martinrea International, one of the largestglobal Tier 1 auto-parts suppliers, for example, has just signed along-term, build-to-suit lease for a 275,560-square-foot buildingin suburban Riverside. The company will use the industrialfacility, which will sit on 15.22 acres at 5233 NW 41st Street inthe Riverside Horizons Business Park, to supplycomponents for Chevy Malibus built at theGeneral Motors Fairfax Plant and create as many as290 new jobs.
“All of the stars have aligned for Kansas City,” ErikMurray of Lee & Associates tellsGlobeSt.com. Murray and Nathan Anderson, managingprincipal, negotiated the long-term lease. “Both of the plantshere, GM and Ford, went through some fairly extensive upgrades inthe last few years. And there has been a steady stream of supplierslooking to grow their operations.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
