Group RMC Lands $221M Loan for KC Office Buy

By IvyLee Rosario

12 Corporate Woods, 10975 Benson St., Overland Park, Kan.

Group RMC Corp. tapped JLL’s Capital Markets team to secure financing for its acquisition of Corporate Woods, a 22-building office campus in Overland Park, Kan. Institutional lenders provided the 10-year, $221.3 million fixed-rate loan. 

Corporate Woods

The 294-acre, Class A office park features 2.2 million square feet of rentable space, making it the largest corporate campus between Chicago and Denver. Located between Interstate 435 and US-69, the campus is more than 90 percent occupied, with buildings ranging from one to 16 stories tall. 

Executive Vice President Adam Schwartz, Managing Director Jonathan Schwartz and Executive Vice President Mark Fisher led the JLL team. 

“This was an exceptional opportunity to acquire one of the nation’s premier suburban office campuses, and lenders competitively bid to be part of this deal,” Schwartz told Commercial Property Executive. “We are proud to have advised Group RMC on this transaction in an effort to bring their business plan to fruition.”

 In 2016 alone, JLL Capital Markets completed $145 billion in investment sale and debt and equity transactions globally. Recently, the team secured $78 million in bridge financing on behalf of Levcor Inc. for Pharr Town Center in Pharr, Texas. 

Image courtesy of Yardi Matrix