VanTrust Real Estate, a Kanas City-based full-service real estate development company, plans to build a 496,800-square-foot speculative cross-dock warehouse in the Altus Commerce Center in Altoona.

The facility will be the largest of its kind built in Iowa, according to VanTrust. Construction is expected to be completed in January 2023. JLL has been selected to market the project.

Construction is underway on a 265,200-square-foot warehouse -- VanTrust's first in Iowa -- in the commerce center that is located on a 75-acre site at Northeast 62nd Avenue and NortheastHubbell Avenue in Altoona. The warehouse is expected to be completed in summer of 2022.

“The interest and positive feedback on the overall development have been phenomenal and there is clearly an opportunity to introduce a larger and more unique building to the Des Moines market,” Grant Harrison, VanTrust’s senior director of real estate development, said in a prepared statement. "We believe the industrial demand and velocity is here to stay and we’re excited to continue providing businesses with new opportunities to expand and operate in this thriving region.”

The new project, one of a select few Class A facilities in the Central Iowa area, will include cross-docking capabilities that enable the direct transfer of product from incoming transport to outbound transport, removing the storage link of the supply chain. This industrial product type is ideal for e-commerce companies needing to expedite shipments to customers.

In addition, loading docks will feature 36-foot clearing heights, a change from the typical 32-foot heights now found in the market. There will be 330 parking spaces for cars and 47 for trailers around the building.

"With an industrial vacancy rate of sub 3 percent, still well below the national average, central Iowa remains a hotspot for new businesses, startups and companies looking for connectivity throughout the Midwest," Austin Hedstrom, a JLL vice president, said in a prepared statement. "VanTrust's ability to successfully bring two different product types to the market within a year of each other is a testament to the unwavering demand here."