Commonwealth, Inc. will invest $3.5 million in a more than 100,000 sq. ft. facility
Kansas City, Missouri – Commonwealth, Inc., a full-service third party logistics (3PL) company specializing in providing public warehousing and contract warehousing solutions, announced today it will open a new operation in the KC region, investing $3.5 million in a 101,567-sq.-ft. facility.
“When the opportunity arose to come to Kansas City I immediately jumped on it. Kansas City has always had a strong logistics sector and I was eager to be a part of it. After touring the area I am very encouraged by the growth potential I see in Kansas City,” said Brent Collins, president and CEO of Commonwealth, Inc.
Commonwealth’s new facility will be located in the Three Trails Industrial Park at 71 Highway and 87th
St. in Kansas City, Missouri. Whitney Kerr Jr, managing director with Cushman & Wakefield, negotiated the lease on behalf of Commonwealth. The new Kansas City location will take the company to more than 1.1 million sq. ft. of managed commercial space nationwide, with future on-site growth possible.
“The location of Kansas City in the center of the nation, with several interstate highways and multiple railroad lines, continues to attract enterprising companies in the business of moving goods efficiently.” said Kansas City, Missouri, Mayor Sly James. “We welcome Commonwealth Inc. to the crossroads of America and wish the firm continued growth and success."
“The Kansas City operation’s proximity to the interstate highways and local industry is excellent, plus the tax-abatement savings will allow us to be very aggressive. I look forward to partnering with local companies interested in working with a very capable, flexible, and cost-effective 3PL with a proven track record of success. My goal is to set our flag down in Kansas City and grow into one of the area’s premier logistics operators,” said Collins.
The Kansas City Area Development Council was proud to partner with the following organizations to successfully attract Commonwealth, Inc. to the KC region: The Economic Development Corporation of Kansas City, Missouri; City of Kansas City, Missouri; Jackson County, Missouri; State of Missouri; NorthPoint Development; Cushman & Wakefield; KCP&L and KC SmartPort.
"Being at the heart of America, Kansas City is a prime spot for logistics operations to locate." said Tim Cowden, president of KCADC. "We are proud to welcome Commonwealth, Inc. as a part of our KC region's future growth." About Commonwealth
Commonwealth is a family-owned and operated company founded in 1985 and based in Cincinnati, Ohio. The company provides both multi-tenant and dedicated warehousing solutions to Fortune 500 companies as well as small and medium-sized clients in a wide variety of industry sectors. Major clients include Procter & Gamble, Pepsi, Beech-Nut Foods, Kroger, Starbucks and Pfizer. www.commonwealthinc.com
About Cushman & Wakefield
Cushman & Wakefield is a global leader in commercial real estate services, helping clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facility services (branded C&W Services), global occupier services, investment management (branded DTZ Investors), project & development services, tenant representation and valuation & advisory. To learn more, visit www.cushmanwakefield.com
or follow @CushWake
on Twitter. About KC SmartPort
KC SmartPort is the authority on logistics and opportunities in the 18-county, bi-state Kansas City region. KC SmartPort is affiliated with the Kansas City Area Development Council, the regional economic development organization for the 18-county Kansas City metro. www.kcsmartport.com