DST Realty will build a 227,000 sf productionbuilding and renovate existing buildings in a former rail yard alongSouthwest Boulevard and 26th Street.Plans had been slowed because of costs to clean up the contaminated areaand by an outstanding balance owed to the Hispanic Development Corp. byWestside Industrial Park LLC.
Under the new agreement, DST Realty will pay $1.2 million for interestin Westside Industrial Park and will cover the $580,000 balance owed tothe Hispanic Development Corp.
DST Realty plans to create a site for Output Technology Solutions Inc.,a bill processing company. Output Technology Solutions and DST Realtyare both subsidiaries of DST Systems Inc., a Kansas City-basedinformation processing and computer software services company.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
