Dean Realty Co., as it is known today, evolved from several realty company mergers dating back to 1958. Founded by Lester M. Dean, Sr., the company's significant development history began with the construction of Dean's Downtown Industrial Park on two privately owned and maintained streets connected to 31st Street known as Terrace and Mercier in Kansas City, Missouri. Affording convenient access to primary Kansas and Missouri thoroughfares, the first 28,000 square foot building on Terrace Street housed the Canteen Corporation in 1961. At present, Dean owns and manages over 233,000 square feet of office and industrial space on Terrace Street for varied business types that include United Seating & Mobility, Computer Mailing and Stone & Beyond. In 1967, Burstein-Applebee occupied the first 75,000 square foot building constructed on Mercier Street. Mercier Street currently supports businesses occupying 223,000 square feet of office and industrial space, including such tenants as George Reintjes and Tri State Tank. Terrace and Mercier Streets combine to total over 456,000 square feet of space owned and managed by Dean Realty Co.
Dean Realty Co. owns Dean's Downtown Underground, the first subterranean development of its kind in America. Located in Kansas City, Missouri, the 1.2 million square foot underground complex contains over 804,000 leasable square feet of office and industrial space. Hallmark Cards became the underground's first tenant in 1962 when they leased 366,000 square feet of warehouse space. Dean's Downtown Underground presents affordable and ideally located space to over 60 national and locally-based businesses and provides economical SmartSTORAGE residential and commercial storage options.
In Kansas City, Missouri and directly across the state line into Kansas City, Kansas, development of a large park began on the hill overlooking Interstate 35 in 1977. The first development of office and light industrial space began in Dean's Cambridge Business Park in 1978. Lawrence Photographics, known then as Western Graphics, became the Park's first tenant, occupying a 17,100 square foot freestanding building. Over the next fifteen years, the Park expanded to five business centers and an office building, until the 1994 construction of a 35,802 square foot flex building for IKON Office Solutions. In 2004, Dean Realty broke ground on a 40,403 square foot flex building known as Cambridge Crest I, representing the first Missouri-side project for the Park. Construction was completed in 2008 on the Park's Kansas side for an 89,555 square foot headquarters building for RiteMade Paper Converters. Today over 416,000 square feet of Dean Realty owned and managed property is situated in various business centers and freestanding buildings throughout the Park. Dean's Cambridge Business Park boasts one of the city's most outstanding locations for interstate access and still retains a significant amount of developable property. It is home to a variety of local and national tenants serving the Kansas City metro, including architectural, construction, graphics, medical and technological services. New master planning for the park envisions a mixed-use theme that includes retail, office and restaurants, as well as hotel and residential possibilities. The project incorporates renovation of the historical Imperial Brewery building and stables.
In 1991, Dean Realty Co. constructed a 16,500 square foot build-to-suit for SISCO Equipment at I-435 and Truman Road, acquiring the site and adjoining 105 acres in 1999. This future 7 million square foot project is slated to incorporate the most updated methods for subterranean development, creating state-of-the-art spaces with a focus on renewable energies, such as wind power and natural light. The location provides the same high-profile interstate and freeway image as other Dean Realty Co. holdings.
The company's latest development project was the completion of CAT dealer Dean Machinery's 190,000 square foot state-of-the-art headquarters building at I-435 and 87th Street in Kansas City, Missouri.
Over the last 50 years, Dean Realty's family-owned portfolio has grown to 2,300,000 square feet. It includes hundreds of acres of strategically located property for generations of future development. The company is led today by Lester Dean (Jr.) and his staff of professional and dedicated people whose commitment is to provide an outstanding experience for Dean tenants. The Dean Realty team develops, leases and manages only Dean property, and strives to be exceptional at several very important things rather than mediocre at many.