MINNEAPOLIS—Scannell Properties has just outlined its short and long term plans for Kinghorn Logistics Hub, including a 220,000-square-foot speculative warehouse distribution facility that it will break ground on this month. The new 67-acre business park in northwest suburban Rogers could eventually have as much as 1.5-million-square-feet, company officials say. The Indianapolis-based Scannell also named JLL’s Chris Hickok, executive vice president, and Dan Terry, vice president as exclusive marketing representatives for the spec project and the build-to-suit sites.

The new spec is just one of many now rising in the Twin Cities, one of the economically healthiest regions in the nation. Developers have about 2.5-million-square-feet of industrial spec projects underway, Hickok tells GlobeSt.com, all of it bulk distribution.

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