Jones Development

What Jones Development does

Jones Development Co LLC is a privately held, family-controlled industrial real estate development firm headquartered in Kansas City, Missouri, founded in 1994 by Kevin Jones. The company specializes in build-to-suit, speculative, and value-add industrial development, along with consulting services, and operates across 39 U.S. states plus British Columbia, Canada. Over 30 years it has completed 200+ projects totaling nearly 20 million square feet of industrial and commercial real estate with a portfolio value exceeding $2 billion.

Its product set is divided across four service lines: custom build-to-suit facilities designed to specific tenant requirements, speculative warehouse construction for lease or sale, value-add redevelopment of existing industrial properties, and advisory/consulting on complex development challenges. Notable delivered projects include Free State Exchange (a 138.9-acre, 1.66M sq ft speculative development in Olathe, KS with a $257M Walmart case-ready beef facility as anchor), East Indy Exchange (a 120-acre master-planned park in Indianapolis with eight BTS buildings), and the Hungryroot ATL tri-temp facility (99,740 sq ft in Hiram, GA delivered in 14 months).

The company monetizes through one-time development fees and project revenue on build-to-suit mandates, plus land sales and rental/sale income on speculative and entitled-site inventory. It goes to market via direct enterprise field sales to national corporate occupiers (Amazon, FedEx, DHL, Walmart, CVS, Frito-Lay, Sherwin-Williams, etc.) supplemented by a broker channel partnership model. Pricing is transaction-specific and quote-based, dependent on site, specifications, acreage, and project scope. The firm outsources construction execution to partner firms such as Vardaman Construction and uses broker partners like Colliers for marketing, keeping its in-house headcount lean at 11–50 employees while scaling project delivery through these relationships.

Name

Jones Development

Legal name

Jones Development Co LLC

Website

https://jones-development.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Jones Development is a Kansas City-based, family-owned industrial real estate developer founded in 1994 that delivers build-to-suit, speculative, and value-add facilities for national corporate tenants across 39 U.S. states and Canada.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Development

NAICS

Industrial Building Construction (23621), Land Subdivision (23721)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Operative Builders (1531)

akta.pro primary industry

Construction Engineering & Constructability Consulting (BPAHAIAN)

Keywords

• Industrial real estate development
• Build-to-suit facilities
• Speculative warehouse development
• Value-add industrial redevelopment
• Site selection consulting

Headquarters

HQ city

Kansas City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Build-to-Suit Development: Jones Development earns fees and revenue by developing custom build-to-suit industrial facilities for corporate clients, from site selection through construction completion. The company also develops speculative industrial buildings for lease or sale.
2. Land Development and Sales: Development and sale of entitled land sites to clients for their own industrial facility construction.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Jones Development is an industrial real estate development firm that provides build-to-suit, speculative (spec), and value-add industrial facility development services for corporate clients nationwide. The company handles end-to-end project delivery from site selection, entitlement, and financing through construction management, and also offers development consulting for complex industrial real estate challenges.

Product overview

Jones Development is an industrial real estate development firm that operates as a single integrated platform offering build-to-suit, speculative (spec), and value-add development services, along with development consulting. The company develops custom facilities for tenants (build-to-suit), pre-leased or pre-sold warehouses (speculative), and repositions existing properties (value-add). Its portfolio includes specific projects such as the Hungryroot ATL tri-temp facility, Free State Exchange multi-building development in Olathe, KS, and East Indy Exchange master-planned industrial park in Indianapolis. The company also maintains an inventory of entitled land sites available for development across multiple U.S. states.

Differentiator

Problem solved

Functional benefit

Products and services

• Build-to-Suit Development Custom industrial facility development where Jones Development designs and constructs facilities to meet specific tenant requirements, handling site selection, financing, construction management, and project delivery. For corporate clients needing distribution, manufacturing, and assembly operations.
• Speculative (Spec) Development Pre-developed industrial buildings constructed without a committed tenant, available for lease or sale to businesses seeking ready-to-occupy facilities.
• Value-Add Development Acquisition and renovation or redevelopment of existing industrial properties to increase value through improvements, repositioning, or enhanced functionality.
• Development Consulting Advisory services for complex industrial real estate challenges, helping clients navigate ground-up development, value-add projects, and strategic planning.
• Available Land Sites Pre-entitled land sites across the United States available for industrial development, including locations in Florida, Indiana, Kansas, Texas, South Carolina, Michigan, Nevada, Colorado, and Missouri. Marketed to brokers with tenants seeking industrial sites.

Quantifiable outcome

• Successfully completed 200+ projects totaling nearly 20 million square feet
• +2 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Vardaman ConstructioncoreStrategic or Co-development PartnerConstruction partner for the Hungryroot Atlanta project. Vardaman Construction partnered with Jones Development to deliver the 99,740 sq. ft. tri-temp facility in Hiram, Georgia within a demanding 14-month timeline.
• Colliers IndianapoliscoreStrategic or Co-development PartnerMarketing partnership for the East Indy Exchange project. Colliers Indianapolis collaborated on property marketing materials and website for the 120-acre master-planned industrial park.
• Fischer & CompanyminorChannel Partner/ Reseller/ DistributorReal estate developer partner who works with Jones Development on projects, citing consistent delivery of high-quality buildings and acceptance of complete project responsibility.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Bridge Industrial: Private industrial developer focused on Class A speculative and build-to-suit logistics facilities in core U.S. distribution markets; comparable in project type and enterprise tenant focus.
• Becknell Industrial: Privately held national industrial developer offering build-to-suit and speculative facilities to corporate users; comparable size, business model, and tenant focus to Jones Development.
• IDI Logistics: National industrial real estate developer specializing in build-to-suit and speculative distribution, manufacturing, and cold storage facilities, serving a similar Fortune 500 tenant base.
• CT Realty: National industrial developer with a similar build-to-suit and master-planned industrial park strategy, comparable tenant profile, and presence across many of the same Sun Belt and Midwest markets.
• Panattoni Development Company: One of the largest privately held industrial real estate developers in the U.S., with a comparable build-to-suit, speculative, and master-planned industrial park model serving national corporate tenants across multiple states.
• Trammell Crow Company: Diversified commercial real estate developer with substantial industrial/logistics build-to-suit practice serving large corporate occupiers — directly comparable in tenant type and project complexity.
• Hillwood: Alliance-based industrial and commercial developer (Perot family) with deep build-to-suit capabilities for Fortune 500 occupiers, overlapping with Jones Development's enterprise-focused, relationship-driven model.

Broad incumbents

• Prologis: Global industrial REIT and the largest industrial developer/owner in the world; competes for build-to-suit mandates from major occupiers and dwarfs Jones in scale and capital access.
• McShane Construction Company: National construction and build-to-suit developer with a significant industrial and distribution practice; comparable in project type but typically acts more as construction manager/developer at scale.
• Duke Realty / Logistics Property Company: Major U.S. industrial REIT/developer (now part of Logistics Property Company) with a national build-to-suit and speculative portfolio that overlaps with Jones Development's enterprise customer base.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/jones-development-company-l-l-c-

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jones Development