To prepare for future expansion, Freightquote is moving its headquarters from Lenexa, KS, to a new 200,000-square-foot location across the state border 12 miles away in Kansas City, MO.
Groundbreaking on the new $44 million building for the freight shipping company is scheduled for later this month, and the expected move-in is late May 2013, according to statements from the company and Missouri Gov. Jay Nixon's office.
The company will reportedly move to 30 acres near St. Joseph Medical Center in the vicinity of Interstate 435 and State Line Road.
In addition to the 1,225 company jobs added in Missouri within the next three years, an additional 125 new Missouri jobs in the fourth year will bring the company's total employment in the Show-Me State to 1,350.
To assist Freightquote, the state of Missouri authorized a "strategic economic incentive package," including an incentive package valued at $33.2 million, which the company can redeem only after it meets the strict job creation and investment criteria of the program, according to Nixon's office.
"We appreciate the efforts put forth by the state and city in creating an incentive package for our company," Chairman and CEO Tim Barton said. "We look forward to growing our business in Kansas City, MI, and to making a positive impact on the local economy."
The new location is more centrally located than the current facility in Lenexa. A large percentage of Freightquote employees live in Kansas City and the new facility will be next to a major interstate.
The building will boast more office space
and employee amenities, the company said.
Freightquote, founded in 1998, currently has about 1,200 employees nationwide and annual revenues exceeding $520 million.