CORFAC News

Kansas City, MO (August 14, 2012) – In three recent transactions, Karbank Real Estate Company LLP/CORFAC International (Karbank) announced today that the firm has completed a build-to-suit development lease and two additional lease transactions with two automotive industry industrial space occupiers totaling nearly 850,000 square feet.

After a two-year site selection process, LMV Automotive Systems, a manufacturing division of Cosma International, which is in turn an operating unit of Magna International, signed a lease for a 212,500-square-foot, build-to-suit manufacturing facility on 45 acres in Liberty, MO. Olen Monsees, SIOR and President of Karbank, along with Karbank Senior Vice President Jack Allen represented LMV Automotive in the site selection, incentive analysis and long term lease. LMV is new to the area and brings 156 new jobs to the Kansas City area.

LMV is a highly automated manufacturing and assembly facility supplying welded body and structural components to the automotive industry.  The search process covered multiple existing buildings and land sites in both Kansas and Missouri in the Kansas City metropolitan area. Becknell Industries is developing the facility and expects to complete construction later this year or in the first quarter of 2013. The single-story building will have heavy power, 32-foot clear height, cross docks and approximately 12,000 square feet of office space. The property is located at 3251 Heartland Drive, Liberty, Mo near the intersection of I-35 and Missouri Highway 69.

Separately, Jack Allen and Howard Moss with Omni LLC represented Comprehensive Logistics in a lease renewal and expansion of warehouse space. Comprehensive Logistics, a just-in-time parts supplier of automotive parts to General Motors, leased 517,000 square feet at 5300 Kansas Ave, Kansas City, KS. The company had grown from 220,000 square feet to its current size in the last two years.

In addition, Comprehensive Logistics also leased a 120,000-square-foot facility next door at 5250 Kansas Ave, Kansas City, KS. Allen and Moss represented the company is that transaction, also. Santa Monica, CA-based BH Properties owns both of the Comprehensive Logistics properties.

Terms of the transactions were not available. 

Kansas City, MO-based Karbank Real Estate Company LLP/CORFAC International is a full-service commercial real estate brokerage and industrial/office property developer serving Metro Kansas City (MO), Lenexa (KS) and Overland Park (KS) markets and clients nationwide. Founded in 1950, Karbank is the official Kansas City, MO affiliate of U.S.-based CORFAC International (Corporate Facility Advisors) with capability to serve its clientele in 150 markets worldwide. For more information call 816.221.4488 or visit www.karbank.com.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is distinguished by the way it manages multi-market commercial real estate assignments on behalf of corporate entities and privately owned companies. U.S.-based CORFAC is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services in North America, with coverage in South America provided by Panama-based Latin American Corporate Property Services. A Principal Member of FIABCI – the International Real Estate Federation with global affiliates in Europe and Asia, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged 10,000 completed transactions annually encompassing nearly 100 million square feet and valued at more than $6 billion. For more information on CORFAC, contact 703.532.6160 or visit www.corfac.com.