Cerner Corp. has completed the purchase of the property needed for its planned $4.3 billion office development along Interstate 435 in south Kansas City. The acquisition of the 237-acre Three Trails property that includes the site of the former Bannister Mall was completed last week, according to city officials.
The office development, when fully built out over 10 years, would be the largest in the area, surpassing the Sprint headquarters in Overland Park, Kan.
The North Kansas City-based health care technology giant ultimately plans to build a phased, 4.5 million-square-foot campus that’s expected to employ 15,000 people when completed in 2024. Cerner employs more than 9,000 people in the metropolitan area. The redevelopment plan that includes a $1.63 billion tax incentive package was approved by the city.
“This seals the deal,” Kansas City Councilman John Sharp said.