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by Mark Fagan
March 31, 2009 at 2:40 p.m.
New Home Depot distribution center set for Topeka
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A new regional distribution center for Home Depot is set for opening this fall in Topeka.
The 465,000-square-foot center is slated for 74 acres in the Central Crossing Commerce Park, according to USAA Real Estate Co., which is partnering with Seefried Industrial Properties Inc. to develop the property.
The project — described as a “tri-docked, industrial distribution warehouse” — bolsters an area that already has a Target Distribution Center (completed in 2004), plus the Forbes Industrial Park and Topeka Air Industrial Park. Goodyear Tire, Frito-Lay and Hill’s Pet Nutrition also operate centers in the area.
Earlier this month, Home Depot signed a 20-year lease for the build-to-suit center.
“The site’s location within Topeka’s most industrially prosperous region brings great opportunity for both Home Depot and our investors,” said Pat Duncan, chairman and CEO of USAA Real Estate Co., in a statement. “We are equally pleased to work with Seefried, who has completed several similar build-to-suit projects, and we look forward to future Home Depot collaborations with this national developer.”
USAA Real Estate, with about $5 billion of assets under management, is a subsidiary of USAA, a leading financial services company that’s been serving military families since 1922. For more information, visit www.usrealco.com.
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