KP Development today signed leases with two more tenants for a total of 240,000 square feet at the Fenton Logistics Park under development at the site of the former Chrysler plant in Fenton, Missouri.
Hubbell-Killark, a global provider of integrated electrical industrial products, will relocate from Martin Luther King Drive to a single-use 160,000-square-foot facility at Fenton Logistics Park, while BASF will move its 80,000-square-foot agricultural services division to a portion of another building.
Scott Sachtleben, managing principal of KP Development, said that the spaces being occupied by these tenants will be delivered before the end of this year.
KP Development’s Scott Haley is responsible for managing the leasing and development of the Park.
The newest tenants will join BJC’s Clinical Asset Management Division, CoreLink, Alkem Labs and Beckwood Press Co., each of which is already operating within Fenton Logistics Park.
CBRE Corporate represented both Hubbell and BASF, while Jon Hinds and Katie Haywood of CBRE represent KP Development in transactions relating to the Fenton Logistics Park. M & H Architects provided the master plan for the park, as well as the design of both the Hubbell and BASF buildings. Arco Construction is constructing Building III, which will be 50 percent occupied when BASF moves in, while Brinkmann Constructors is constructing Building IV where Hubbell-Killark will be the sole tenant.
KP Development is now finalizing plans for Building V, which is slated to be a 250,000-square-foot facility. The company is also already working on plans for Buildings VI and VII, which will range in size from 150,000 to 250,000 square feet. One or more of these buildings should be delivered by mid-2019.
As it continues to be built out and additional tenants are lined up, Fenton Logistics Park is expected to feature nearly 1.5 million square feet of manufacturing, logistics and warehouse space; 480,000 square feet of office/warehouse and flex space; 182,500 square feet of retail, restaurant and hotel space; and 105 acres of land owned by the BNSF Railway for anticipated additional railroad services. The overall development has the potential to result in 2,500 to 3,000 permanent jobs, pumping an estimated $135 million in wages to the region.