The Allen Group of Kansas City will no longer serve as the developer of the Logistics Park of Kansas City, the planned warehouse development adjacent to the Edgerton Intermodal.
Edgerton officials approved an agreement March 28 that amends the original financing contracts for the intermodal project. Initially inked as an arrangement between the city of Edgerton, BNSF and the Allen Group; an amendment adopted by the council March 28 names Edgerton Land Holdings Company as developer of the property.
Edgerton Land Holdings is a subsidiary of Northpoint Development. Patrick Robinson, formerly an executive vice president of the Allen Group of Kansas City, currently serves as the vice president of development for Northpoint.
Under the terms of the amendment, Edgerton Land Holdings will build a 490,000 square foot speculation warehouse. Construction is to begin no later than August 2013.
The city needs at least 500,000 square feet of new development to fund an ongoing sewer infrastructure project to deliver the utility to the intermodal development. Without the speculative building, Edgerton would have needed to dramatically increase sewer rates.
To date, the logistics park is set to include an approximate 14,000-square foot DeLong Company facility. DeLong’s property will include two buildings – a 10,000-square foot building where farmers will dump grain and feed, and a second, 4,000-square foot building – where the grain will be containerized.
City administrator Beth Linn said the changes to the intermodal agreement were not initiated by the city.
“I think we’re excited about the opportunity for the speculative construction for sure,” Linn said.
In other business, city council members:
New developer named for logistics park adjacent to intermodal