Full statement from Kansas City firm on canceled warehouse sale to ICE | Opinion
Platform Ventures, a Kansas City real estate investment firm appears to have dropped its plans to sell a warehouse to Immigrations and Customs Enforcement to create a detention center. Here is their statement in full.
“Platform Ventures is not actively engaged with the U.S. Government or any other prospective purchaser involving a sale of its property at the I-49 Industrial Center. While typically we do not comment on potential transactions, baseless speculation, inaccurate narratives, and serious threats toward our leadership, our employees and our families have prompted us to issue this statement.
As we stated previously, we were approached by a third-party private enterprise for this transaction and entered into preliminary negotiations consistent with the fiduciary duties owed to our investors. As negotiations concluded, we learned the purchasing party was the U.S. Government. Over the course of the building sale process, we determined that the terms no longer met our fiduciary requirements for a timely closing. Therefore, we chose not to move forward.
Platform Ventures was founded in Kansas City by owners who were born and raised in Kansas City. They built it from the ground up over nearly two decades. Today, Platform Ventures’ portfolio of companies proudly employs over 350 local employees—skilled tradespeople, union members, and other professionals—who live and work in this community. The momentum in Kansas City is real, and we are proud to play a role in it. We remain focused on protecting and serving our investors’ interests. And our commitment to Kansas City remains unchanged.”
This story was originally published February 12, 2026 at 12:28 PM.
