(Kansas City) — Newmark Grubb Zimmer has brokered the sale of 13700 Wyandotte St, a 102,600 square foot industrial building in Martin City, Missouri.
This transaction represents continued strength in the Kansas City Industrial real estate industry. “The industrial real estate market in 2016 was very active with 5.5 million square feet of net absorption. We are anticipating another very active year for both developers and users for this product type in Kansas City. Quality buildings in good locations are in demand,” said Mark C. Long, SIOR, CCIM, LEED AP, Executive Managing Director, Principal with Newmark Grubb Zimmer.
The building was previously home to Barton Nelson Inc., a specialty advertising product manufacturer for many years. The new owner, a division of Cable Dahmer Chevrolet, will use the building for various automotive maintenance and repair operations.
Mark C. Long, SIOR, CCIM, LEED AP, Executive Managing Director, Principal, and Scott E. Bluhm, Director, Sales & Leasing with Newmark Grubb Zimmer represented the seller.