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Company closes on former Chrysler plant site in Fenton

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FENTON, MO (KTVI) – The old Chrysler  plant site in Fenton  will be home to some new industrial, light manufacturing and distribution businesses.

KP Development Closed on  its  purchase of the property Friday. The company says it will invest $500 million into the property to create a mix of industrial, office,  distribution and some retail space.

The area, to be called the Fenton Logistics Park, is expected to bring in thousands of new jobs over the next five years.