Pro2Serve is a member of the team to develop the new Honeywell nuclear weapons parts plant.

Pro2Serve_LogoThe federal government signed a lease today with the developer of a new Honeywell nuclear weapons parts plant, and private financing is expected to be finalized soon.

The final agreement between the Heartland Region of the U.S. General Service Administration and CenterPoint Zimmer LLC was completed over the weekend.

Michael Murphy, executive vice president for development at CenterPoint, praised the lease deal and said his firm expects to close on the transaction by the end of this month.

“It’s a great achievement and involved alot of work by all parties,” Murphy said. “We’ve worked tirelessly to get this accepted and look forward to closing.”

Murphy said 14 major institutional investors have agreed to back the $815 million in bonds that have been authorized for the project. He declined to identify the lenders.

The 1.5-million-square-foot facility, one of the larger construction projects in Kansas City history, is planned for a farm field at Missouri 150 and Botts Road.

The lease caps a four-year effort to keep the weapons plant, which employs 2,500 workers, in Kansas City. The current facility at the Bannister Federal Complex is considered obsolete. It was built as a World War II defense plant and has been used to manufacture nuclear weapons parts since 1949.

Click here to read the full article..

Source: KansasCity.com
Photo: Pro2Serve Professional Project Services, Inc.