The former Chrysler plant in Fenton is on its way to becoming a light-industrial and office park.
KP Development, formerly known as Koman Properties, closed on the deal Wednesday for the Fenton Logistics Park. The plan calls for more than a half billion dollars of investment into the property and is projected to provide up to 3,000 jobs.
Scott Haley, KP Development’s senior vice president, said two companies are close to finalizing plans within the next few months to locate in the park. He said they include a regional and national players.