X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LENEXA, KS-Ground was broken last week on a new $10-million office and industrialcomplex at College Boulevard and Renner Road here.Trammell Crow Co. is developing the 226,000 sf complex of flexspace with notenants signed at this time, according to company vice president Kevin Wilkerson, vicepresident. Trammel Crow officials are confident in thelocation and the attractiveness of the space, however.

Building flex space has gained popularity in the metropolitan arealately, as developers want buildings that can be used as office space oreasily converted to warehouse use. In this complex, tenants arepredicted to be heavy office users, Wilkerson says. According to a survey conudcted by the company, the vacancy rate for such spacein Johnson County is less than 7%.

There will be four buildings in the park, with the largest being 76,000sf, with ceilings of at least 20 feet. It will be built-to-suit forboth office and warehouse use. The other three buildings will beone-story structures. The smallest office spaces have been designed tobe no less than 5,000 sf.

Construction is expected to be completed in May. Leases may be offeredas early as March, with rates probably being less than $20 per sf.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Fall 2021Event

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.