Kansas City Office Building Changes Hands

nbkc bank has acquired Commerce Plaza II, a roughly 127,000-square-foot office building in Overland Park, Kan., in metro Kansas City, Mo. The company will use the property as its headquarters.

Group RMC previously owned the Class A asset, according to Yardi Matrix information. The firm had acquired the property in 2016, in a $94 million portfolio transaction involving seven Overland Park office buildings.

Commerce Plaza II is at 7400 W. 110th St., 4 miles from Overland Park’s center area, while downtown Kansas City is 16 miles away. Kansas City International Airport is within 31 miles.

Completed in 1989, the seven-story office building has floorplates averaging 17,800 square feet, as well as 1,500 square feet of retail space. The property also has more than 490 parking spaces.

The location will accommodate the majority of nbkc’s Kansas City employees, which are set to relocate to the new building next year. The bank has been headquartered in the city since 2017 at 8320 Ward Parkway in Kansas City, 7 miles away from Commerce Plaza II.

The new owner will also continue to lease space to third-party tenants at the building. Plans call for renovations focused on the overall workplace well-being that will include a fitness center and patio area.

Kansas City office sales picked up in 2025

Office investment activity in Kansas City has picked up over the course of 2025 but remained uneven, with much of the volume concentrated among owner-users, opportunistic buyers and investors pursuing redevelopment plays, according to a Colliers report. Lender caution and conservative underwriting for office assets continued to limit institutional participation, keeping traditional investment-grade transactions relatively scarce.

Total office sales volume in the metro climbed to nearly $400 million in 2025, up sharply from $56.1 million in 2024 and $54.8 million in 2023. In one of last year’ largest deals in the market, KBS Real Estate Investment Trust III sold Park Place Village, a 484,980-square-foot campus consisting of 10 buildings.