Thursday, November 11, 2010

Kansas City Existing Property Search Frustrations


Metropolitan Kansas City Real Estate-Existing Property Search Frustrations.

The Metropolitan Kansas City area is generally been known for an abundance of temperature controlled space for lease. There are a number of reasons for this large amount of underground freezer and cooler warehouse space that is for rent. However, most refrigerated food processing companies or foodservice companies or frozen food distributors as well as fruit and produce distributors have usually been unsuccessful whatever they conduct an existing property search to purchase or lease an industrial building that has freezer or cooler warehouse space. Also refrigerated food processing companies have generally not been successful in finding existing locations to purchase or lease within the Metropolitan Kansas City area.

There are numerous reasons there is lack of temperature controlled space or refrigerated warehouse space (to include food manufacturing facilities) in both the Kansas portion and the Missouri portion of the greater metropolitan Kansas City area. The first reason is of course the large amount of underground freezer warehouse and cooler space is available only for lease. There may be more underground freezer warehouse space available in the greater Kansas City area than in any other metropolitan area in the United States. Refrigerated food processing and distribution companies have used this underground space to forestall any additions to their existing temperature controlled facility, thereby having a total effect on the entire Kansas City refrigerated building market thereby causing a lack of above ground facilities being to be constructed at any one time. This also resulted in the cumulative effect of less total square footage of aboveground freezer or cooler space than most primary metropolitan markets. A second reason is that the downtown portion of Kansas City has been extremely desirable for residential conversions of older industrial properties, which do include the freezer and cooler warehouse buildings in that are in interior downtown corridor or as well as smaller processing facilities that were always located in the central portion of primary metropolitan areas. Because of this urban revitalization that resulted in the conversion of industrial facilities to residential applications of older temperature controlled real estate facilities that naturally would have otherwise come into the refrigerated industrial real estate market never became available to the Kansas City-based refrigerated food processor or frozen food distributor doing business in metropolitan Kansas City and the surrounding Midwest. Most refrigerated food companies found existing property searches frustrating and inefficient.

Over the last 12 months, there have been a number of temperature controlled space users that have had to begin construction of new refrigerated facilities, despite exhaustive efforts to locate an existing industrial facility with freezer and or cooler warehouse storage or refrigerated processing space.
Hawk Distribution Services is Kansas City's only temperature controlled real estate brokerage agency. Phil Pisciotta has extensive knowledge of the Kansas City temperature controlled real estate market. Phil Pisciotta has experience in both refrigerated processing and temperature controlled industrial distribution facilities that require freezer or cooler warehouse temperatures. There is no industrial real estate agent, other than Phil Pisciotta, that works exclusively with temperature controlled real estate in the Kansas City area and surrounding region. Phil Pisciotta has a thorough understanding of the unique complexities of leasing, occupying and then vacating a temperature controlled facility under the best possible terms and conditions.

To contact Phil Pisciotta, a real estate agent, either call 816-510-2060 or e-mail p.pisciotta@hawkds.com or to view Phil Pisciotta’s real estate listings go to http://www.hawkds.com/