Hunt Midwest in Final Phase of Northland Industrial Park Project
Hunt Midwest is moving full steam ahead on the last phase of industrial construction at one of its mega sites located in Northland, reported the Kansas City Business Journal.
The locally-based developer recently moved more than 2 million cubic yards of dirt mass grading land that will support the final phase of Hunt Midwest Business Center. The phase is planned with seven Class A industrial buildings totaling 2.8 million square feet.
The Port Authority of Kansas City signaled the intent to provide 15-year property and sales tax exemptions on materials during this last phase, through $350 million in conduit bonds. Hunt would make payments in lieu of taxes at $0.09 per industrial square foot in the first five years, increasing to $0.99 in years 14 and 15, per the outlet.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.