{"id":1004050338,"date":"2012-08-31T11:44:56","date_gmt":"2012-08-31T19:44:56","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=66035"},"modified":"2022-12-08T23:20:03","modified_gmt":"2022-12-09T07:20:03","slug":"chambers-street-properties-acquires-1-1m-sf-warehousedistribution-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/chambers-street-properties-acquires-1-1m-sf-warehousedistribution-facility\/","title":{"rendered":"Chambers Street Properties Acquires 1.1M SF Warehouse\/Distribution Facility"},"content":{"rendered":"

By Gabriel Circiog, Associate Editor<\/em><\/p>\n

Chambers Street Properties, formerly CB Richard Ellis Realty Trust, has closed on the purchase of a 1.1-million-square-foot state-of-the-art warehouse\/distribution facility in the Kansas City suburb of Gardner, Kan.<\/p>\n

The Maryland self-managed REIT, headquartered in Princeton, N.J., currently owns a portfolio which includes 124 properties spread over three continents, totaling close to 31 million square feet and boasting a 98\u00a0percent\u00a0occupancy rate.\"\"<\/a><\/p>\n

Located within Kansas City\u2019s north-south I-35 freight corridor and close to BNSF Railway\u2019s $250 million railroad-to-truck Intermodal Center which is due to be completed in 2013, the single-story building was developed by LS Commercial Real Estate and completed in 2009. The area also benefits from a KCS rail intermodal and the air\/truck intermodal at Kansas City International airport. The facility is the primary U.S. distribution center for the Coleman Co., a subsidiary of Jarden Corp. The property, which is leased until January 2020, has been described as \u201can excellent facility with a quality tenant in one of the most accessible markets in the U.S.\u201d by Philip L. Kianka, executive vice president and COO for Chambers Street Properties.<\/p>\n

The purchase also includes an adjacent 20.3-acre land parcel which is currently zoned for up to around 450,000 square feet of extra warehouse\/distribution space. \u201cWe look forward to long-term ownership of this asset and the potential to adding further value through the flexibility to develop additional space on the adjacent parcel,\u201d Philip L. Kianka added.<\/p>\n

The acquisition was yet another big move in the industrial real estate market in the Kansas City region. As previously reported on this page, Comprehensive Logistics Inc. recently signed a 5.5-year lease for a 517,000-square-foot industrial building located at 5300 Kansas Avenue. The company also leased an additional 120,000 square feet in an adjacent facility.<\/p>\n

Photo Courtesy of: www.usrealco.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Chambers Street Properties, formerly CB Richard Ellis Realty Trust, has closed on the purchase of a 1.1-million-square-foot state-of-the-art warehouse\/distribution facility in the Kansas City suburb of Gardner, Kan.<\/p>\n","protected":false},"author":264,"featured_media":1004506373,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1592,21742],"tags":[],"class_list":["post-1004050338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kansas-city","category-latest"],"acf":[],"yoast_head":"\nChambers Street Properties Acquires 1.1M SF Warehouse\/Distribution Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/chambers-street-properties-acquires-1-1m-sf-warehousedistribution-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chambers Street Properties Acquires 1.1M SF Warehouse\/Distribution Facility\" \/>\n<meta property=\"og:description\" content=\"Chambers Street Properties, formerly CB Richard Ellis Realty Trust, has closed on the purchase of a 1.1-million-square-foot state-of-the-art warehouse\/distribution facility in the Kansas City suburb of Gardner, Kan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/chambers-street-properties-acquires-1-1m-sf-warehousedistribution-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-08-31T19:44:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:20:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Coleman-Distribution-Center.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chambers-street-properties-acquires-1-1m-sf-warehousedistribution-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chambers-street-properties-acquires-1-1m-sf-warehousedistribution-facility\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc807179924e7fea3aeab259237f45a5\"},\"headline\":\"Chambers Street Properties Acquires 1.1M SF Warehouse\\\/Distribution Facility\",\"datePublished\":\"2012-08-31T19:44:56+00:00\",\"dateModified\":\"2022-12-09T07:20:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chambers-street-properties-acquires-1-1m-sf-warehousedistribution-facility\\\/\"},\"wordCount\":307,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chambers-street-properties-acquires-1-1m-sf-warehousedistribution-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Coleman-Distribution-Center.jpg\",\"articleSection\":[\"Kansas City\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chambers-street-properties-acquires-1-1m-sf-warehousedistribution-facility\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chambers-street-properties-acquires-1-1m-sf-warehousedistribution-facility\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chambers-street-properties-acquires-1-1m-sf-warehousedistribution-facility\\\/\",\"name\":\"Chambers Street Properties Acquires 1.1M SF Warehouse\\\/Distribution Facility - 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