Cnano Know-how USA is establishing its North American HQ at New Century Commerce Middle in New Century, Kan. Picture courtesy of VanTrust Actual Property
Cnano Know-how USA, a world producer of electrical automobile parts, is investing $94.7 million in a brand new 333,365-square-foot facility at New Century Commerce Middle within the Kansas Metropolis space that may change into the China-based firm’s North American headquarters.
Cnano will personal and occupy the manufacturing facility to create liquid conductive paste, a part used for quite a lot of digital purposes, together with batteries for electrical automobiles, cell telephones and energy instruments. Shawn Montgomery, president of Cnano Know-how USA, stated in a ready assertion the plant will manufacture conductive and structural additive merchandise for the lithium-ion battery, rubber and polymer, and composite markets.
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The ability, which is anticipated to create greater than 100 jobs with a payroll of about $7.1 million, can be situated in a Class A spec constructing on practically 20 acres within the multimodal industrial middle in New Century, Kan. Located within the southwest space of the Kansas Metropolis area, the middle gives direct entry to air, rail and interstate highways, together with I-35.
The 850-acre middle is being developed by a public-private partnership with Johnson County Authorities, the Johnson County Airport Fee and grasp developer VanTrust Actual Property. CBRE is advertising the property. Newmark Zimmer represented Cnano in its web site search. The announcement was made by the Kansas Metropolis Space Growth Council, an financial improvement nonprofit serving the 18-county, two-state Kansas Metropolis space.
The Cnano facility is one in every of two speculative buildings being developed by VanTrust Actual Property within the middle’s first part. When totally developed, the middle could have greater than 7 million sq. ft of business area. The primary two buildings, totaling practically 1.1 million sq. ft, have been initially scheduled to be accomplished by the second quarter of this yr. The second spec constructing can be a cross-dock facility with 752,400 sq. ft on 50 acres. Nevertheless, Van Belief advised the Johnson County Airport Fee earlier this yr that it’ll take an extra six to 12 months to organize the smaller constructing for Cnano, in line with the Kansas Metropolis Enterprise Journal.
VanTrust obtained a $19.7 million mortgage from Commerce Financial institution of Kansas Metropolis, Mo., in August 2022 that’s set to mature on Aug. 25, 2025, in line with CommercialEdge knowledge. The property is topic to a 50-year unsubordinated web floor lease held by Johnson County expiring in June 2073, CommercialEdge reported.
Rising hub
The Kansas Metropolis area continues to see industrial progress, significantly within the space of electrical automobile improvement. In July 2022, Panasonic Vitality introduced plans to construct a $4 billion EV battery manufacturing facility in De Soto, Kan. One of many largest financial developments in Kansas historical past, the mission is anticipated to create as many as 4,000 new jobs and have ripple results all through the area and state by supporting about 16,500 development jobs and an estimated 4,000 extra jobs for suppliers and native companies.
A number one logistics hub and key location for manufacturing, distribution and e-commerce, the Kansas Metropolis area has delivered 70 million sq. ft of business improvement within the final 10 years and employs greater than 190,000 individuals. From Kansas Metropolis, 85 p.c of the U.S. inhabitants could be reached in two days or much less.
In January, City Outfitters Inc., a worldwide life-style and retail firm, stated it was investing $60 million in a brand new 604,000-square-foot achievement middle for its clothes rental model, Nuuly, on the Raymore Commerce Middle in Raymore, Mo. Situated off I-49, the property was additionally developed by VanTrust Actual Property.
In late June, Block Actual Property Companies obtained municipal approvals to develop Tiffany Springs Logistics Park, a $365 million, 3.7 million-square-foot industrial mission in Kansas Metropolis, Mo. The campus can be inbuilt three phases with the primary 1.9 million-square-foot phase beginning as quickly as 2024, with completion estimated by 2029.
