Newmark Zimmer closed the disposition of 9140 Woodend Road in Edwardsville, Kansas. Amongst the largest cross-dock truck terminal facilities in the nation, the 275,000-square-foot property is fully leased to a Fortune 500 tenant and sits on a 126-acre site adjacent to Interstates 435 and 70.
A collaborative effort between Newmark’s Net Lease and Heartland Institutional Capital Markets teams, the assignment was led by Jerry Hopkins, Ken Hedrick, Mark Long, John Hassler and Alex Foshay. The disposition process attracted interest from a broad stable of investors across the United States and beyond.
“The amount of interest that this property generated from a broad base of buyers is continued confirmation of the significant demand that exists from investors to acquire assets that leverage a centralized and highly strategic location within the national supply chain,” said Mark Long, President and Chief Executive Officer with Newmark Zimmer.
The building was constructed as a build-to-suit for the tenant in 1999 and was subsequently expanded in 2013 and 2019, making it the largest terminal facility ever built in the Kansas City-area industrial market.
