Newmark Zimmer closed the lease of 509,760 square feet to Panasonic Energy at the more than 1.019-million-square-foot Building C in De Soto, Kansas’ Flint Commerce Center.
The building, which has broken ground and is scheduled to deliver in Summer 2024, offers a state-of-the-art cross-dock design in one of the region’s most strategic locations. In addition to the space for Panasonic Energy, the building will offer 509,760 square feet of speculatively constructed space to accommodate future users.
Flint Commerce Center is located on the northwest corner of 103rd Street and Edgerton Road in De Soto. The 370-acre park offers among the largest vertical-ready industrial and logistics sites in the region and can accommodate users ranging from 200,000 square feet to 2 million square feet. Additionally, the park is situated in a business-friendly community near labor, amenities and strategic transportation routes.
The Flint Commerce Center lease marks the second major commitment by Panasonic Energy in the region, following their announcement of a $4 billion lithium-ion battery manufacturing factory. Additionally, De Soto is investing up to $40 million for water, sewer and road upgrades to support Panasonic and other future developments in the region.
Mark Long, John Hassler and Scott Bluhm with Newmark Zimmer handled lease negotiations of the transaction on behalf of Flint Development.
