Kansas City Life Insurance Co., a developer with substantial holdings in Tulsa, has started a new project at the airpark distribution center off U.S. 169.
The firm is building a 80,580-square-foot, speculative warehouse at 11610 E. 27th St., said Matt Klimisch, first vice president at CBRE, the leasing agent. The structure, was designed by GH2 Architects.
Pairing with CBRE in 1999, Kansas City Life was the original developer of the air park, purchasing what is now known as Tulsa Raceway Park and about 340 acres of industrial land to form the park, Klimisch said. The new warehouse will be the seventh building at the development and the only remaining structure that KC Life owns, he said.
Missouri-based KC Life, which has developed roughly 20 buildings in Tulsa over the years, is selling the majority of those, Klimisch said. It recently sold land at the east end of Tulsa Raceway Park to The Greenheck Group, a Wisconsin-based ventilation systems manufacturer that is erecting a campus in Oklahoma.
In Tulsa, Kansas City Life still owns four buildings at Commerce Crossing near 61st Street and 129th East Avenue and a 110,000-square-foot building near 55th Street and 122nd East Avenue, Klimisch said.