Industrial X Missouri

Dean Realty Co., Copaken Brooks form big joint venture in Kansas City

Dean Realty Co., Copaken Brooks form big joint venture in Kansas City,ph01

Dean Realty Co. and Copaken Brooks have formed a joint venture on more than 1.6 million square feet and 40 acres of developable land in a prime Kansas City urban infill property.

The portfolio includes two business parks – Cambridge Business Park and Downtown Business Park – as well as Downtown Underground, an underground warehouse and self-storage complex below Downtown Business Park.

Currently occupied by a mix of 110 credit and local corporate tenants, the portfolio includes 29 buildings that were developed, owned and managed by the Dean family during the past 60 years. The properties feature a mix of warehouse, light industrial and office assets, plus 40 acres of prime vacant land sites for development or sale.

Copaken Brooks plans to create a development plan to add new mixed-use development at Cambridge Business Park. Burns & McDonnell will partner as the design-build firm for the portfolio.