Industrial | AREA Real Estate Advisors

Aspen Funds, an Overland Park real estate investment firm, has taken over the remainder of the Ironhorse Manufacturing Park development in Wichita, KS. AREA Real Estate Advisors & J.P. Weigand & Sons are the listing agents for the project, located on the southwest corner of South Seneca Street & West MacArthur Road.

Aspen Funds purchased the remaining land from Triple Crown Realty Trust and will soon break ground on the first 201,000 SF industrial warehouse building. There is a plan for a second, 140,000 to 150,000 SF build-to-suit building to follow. Pet product manufacturer, Cosmic Pet, occupies just over 300,000 square feet south of the future buildings within the Iron Horse development.

AREA’s Brent Peterson said “The spec model — building without already having a tenant lined up — has seen success in the Wichita area. Real Estate professionals say many national companies are unwilling or unable to wait the time it takes to plan and build a new facility. Wichita does not have a lot of current speculative industrial product.”

With ample power in the building, a distribution or manufacturing user would be the likely user. However, the listing team does not want to limit the prospects, and will entertain any user.

The Ironhorse Listing Team includes Brent Peterson and Tom Kennedy, as well as Bradley Tidemann with J.P. Weigand. 

Click here to download the Ironhorse marketing package.

Ryan Lawn & Tree recently purchased 30,000 SF on 7+ acres in northern Kansas City. The site at 1600 NE 126th Street, just south of Smithville, is Ryan’s third Missouri acquisition this year. Two additional purchases by Ryan this year include 2 buildings totaling 30,000 SF on 1.87 acres in Grandview, MO and a 35,000 SF building in Chesterfield, MO, on the west side of St. Louis.

Ryan Lawn & Tree has been providing quality lawn care services to the Midwest for over 30 years, with locations in Kansas, Missouri, Nebraska and Oklahoma.

AREA Real Estate Advisors and Jones Development are pleased to partner with Ryan on its continued growth. Brent Peterson, Seth Sinovic and Evan Calkins with AREA as well as, Brandon Heck, with Jones Development represented Ryan Lawn & Tree with its recent acquisitions. Tim Convy and Brian Kelly, with Center Commercial Real Estate, were instrumental in the St. Louis acquisition.

Nordstrom Rack will open it’s second metro location next fall as part of the newly redeveloped Overland Crossing Shopping Center at 119th & Metcalf Ave. The Overland Park center is anchored by Whole Foods Market, Burlington, Five Below and Golf Galaxy. The 27,000 square foot Rack store will be the third in Kansas. Kansas City has another Nordstrom Rack location in Lenexa, as well as a Nordstrom location anchoring Oak Park Mall. Overland Crossing is owned and managed by Legacy Development.

“This strong retail intersection has been a targeted area for a long time, and we are excited to bring Nordstrom Rack to south Johnson County,” said AREA’s Tiffany Ruzicka, who represented Nordstrom Rack in this transaction.

AREA Real Estate Advisors recently closed on the sale of the 54,693 square foot Visiting Nurse Association building at 1500 Meadow Lake Parkway in Kansas City, MO. The building sits on 2.2 acres at the northeast corner of Meadow Lake Parkway & State Line Road, and was purchased by EPC Real Estate Group, LLC. EPC plans to keep the existing building, incorporating it into a brand new Class A apartment community.

In a strategic decision to better serve their clients and the broader Kansas City area, VNA will be relocating their offices to 1300 E 104th Street in Kansas City, MO.

The Visiting Nurse Association (VNA Home Health) is a locally based nonprofit home health agency, and the oldest home health agency in Kansas City (established in 1891).

AREA’s Sean Craven and Tim Schaffer assisted VNA on both the sale of their building and the lease of their new offices.

AREA Real Estate Advisors & Jones Development recently sold a portfolio of low coverage real estate sites. The package, spanning three American Trailer & Storage sites in two different states, totaled 9,660 SF and 21.13 Acres. The three sites are in Kansas City and Omaha, NE.

• 6900 E 39th Street, Kansas City, MO 64129
• 6923 E 39th Street, Kansas City, MO 64129
• 7202 N 16th Street, Omaha, NE 68112

AREA’s team included Brent Peterson, Tom Kennedy and Seth Sinovic as well as Brandon Heck with Jones Development.