JLL has been selected to market VanTrust Real Estate’s second development in Iowa—a 496,800-square-foot cross-dock warehouse at Altus Commerce Center in Altoona, Iowa.
Forecasted to deliver in January of 2023, this facility is the state’s largest speculative industrial development to be built. This follows the announcement of VanTrust’s entrance into the market in May of this year with the center’s first building, a 265,200-square-foot ground-up warehouse to be delivered in the summer of 2022. In addition, VanTrust will have a pad-ready site that can accommodate a building up to 327,000 square feet for users looking for a build-to-suit opportunity.
JLL Managing Director Marcus Pitts, Vice President Austin Hedstrom and Analyst Tanner Hedstrom continue to lead leasing efforts for both buildings.
This new property, one of a select few Class-A facilities in the central Iowa area, boasts cross-docking capabilities that enable the direct transfer of product from incoming transport to outbound transport, removing the storage link of the supply chain. This industrial product type is ideal for e-commerce companies needing to expedite shipments to customers.
Also unique to this property, all loading docks feature 36-foot clear heights. An upgrade from the 32-foot heights standard in the market, this enables tenants to increase cube capacity by 10 to 25 percent. The building features parking for up to three hundred thirty (330) cars and forty-seven (47) trailers, with the ability to expand.
Altus Commerce Center is located on a 75-acre site at NE. 62nd Ave. and NE Hubbell Ave. providing tenants with direct access to Interstate 80, I-35, U.S. Highway 65 and U.S. Highway 5. Highly connected, the property is within a 10-hour drive to Chicago, Denver, Dallas, Columbus, Detroit, Nashville, Memphis, and the Canadian border. It is also less than a six-hour drive to inland ports in Chicago, Kansas City, and St. Louis.
