X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Excavation of nearly 250,000 square feet is in progress at SubTropolis, the underground storage facility in Kansas City, North. Collins Machinery Engineering, a manufacturer of portable saw mills, has just leased 29,740 square feet, according to Tim Basler of Midwest Real Estate Development Inc., owner of SubTropolis. Existing spaces of 180,000 square feet and 60,000 square feet are fully occupied, he said. Demand for space at SubTropolis is so strong that the speculative element of the development risk has all but disappeared.

“We build thinking that the site will be a speculative build job and by the time the space is ready it ends up being built to suit,” Basler said

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.