A Kansas City-based real estate firm that leases building space to industrial tenants is expanding its footprint at the Kingman Airport Industrial Park. The Kingman Airport Authority has announced that Big Industrial LLC has purchased the old Southwire facility that has been dormant for more than seven years.
“Big Industrial, LLC specializes in the acquisition and redevelopment of large industrial property (factories and warehouses). Founded in 1998, BI currently owns and manages in excess of 6,000,000 sq. ft. nationally and is actively seeking acquisition and joint venture opportunities,” said Bob Riley, Airport Authority Economic Development Director. “Big Industrial consistently delivers high quality industrial space at the most aggressive lease rates and terms in the marketplace.” ( www.bigindustrial.com )
Airport Authority Executive Director Dave French said the company will renovate the 250,000 square foot building for future tenants. French said confidentiality attaches to any future tenants at present but he expressed confidence that Big Industrial will place new industry and jobs in the facility.
“They don’t just acquire property without being able to bring clients into the fold,” French said. “They have a proven and successful track record.”
French said Big Industrial and the Airport Authority already enjoy a productive working relationship. He noted that Big Industrial owns the old Tucker Houseware and Wenco buildings that are home to industrial tenants including the Cascades Tissues Group, Southern Finishing, Love’s Tire and Scott Industries.
Acquisition of the Southwire building brings Big Industrial to 750,000 sq. ft. of space at the Kingman Industrial Park. French said KAA economic development staff will work with Big Industrial to help secure tenants.
Executives with BI were unavailable for comment.