Panattoni Moves Forward with Southern Johnson County Industrial Park

Deal News | Jan 23, 2025 | Panattoni Development Co LLC

Panattoni Development Co LLC, a California-based developer, is poised to construct a significant industrial park in Southern Johnson County, after receiving a green light from the Gardner City Council. The council plans to issue up to $365 million in industrial revenue bonds to support the development. The project is set at 175th Street and Clare Road and includes eight Class A warehouse buildings covering a total of 2.8 million square feet on approximately 183 acres. This large-scale development marks a shift in strategy as Panattoni switches municipalities, reinforcing its presence and expanding industrial real estate capabilities in the region.

Sectors

  • Real Estate Development
  • Industrial Warehousing
  • Municipal Bonds

Geography

  • California – Location of the developer, Panattoni Development Co LLC.
  • Kansas – State where Southern Johnson County is located, and where the industrial park will be developed.

Industry

  • Real Estate Development – Involves the planning, construction, and management of commercial real estate projects, such as the industrial park project initiated by Panattoni Development Co LLC.
  • Industrial Warehousing – Concerns the development of warehouse facilities, a central aspect of Panattoni's new project in Southern Johnson County.
  • Municipal Bonds – Pertains to bonds issued by city councils to fund infrastructure projects, essential for the financing of Panattoni's industrial park.

Financials

  • $365 million – The intended amount to be issued in industrial revenue bonds to support Panattoni's project.

Participants

NameRoleTypeDescription
Panattoni Development Co LLCDeveloperCompanyA California-based developer involved in the construction of an industrial park in Southern Johnson County.
Gardner City CouncilGovernmentGovernmentThe municipal body issuing industrial revenue bonds for Panattoni's development project.