By Adina Marcut
Hines, in a joint venture with a fund managed by Oaktree Capital Management LP, has announced that The University of Kansas Health System has signed a lease for a 105,000-square-foot office space at 11300 Corporate Ave. in Lenexa, Kan. The space is used for support operations for the health system.
Located within the Southlake Technology Park, the Midwest office property consists of a four-story building that is now fully leased to the university. Back in 2016, the health system agreed to lease 67,000 square feet of the total of 172,000-square-foot building. The office property offers floorplates ranging from 22,434 to 43,849 square feet, dual electrical feeds/separate substations, energy management system and back-up generator, redundant fiber and approximately 650 parking spaces.
Built in 1990, the office property is part of a 13-building Southlake portfolio and totaling more than 850,000 square feet of office space. In 2016, Hines completed a renovation of the building lobby and common areas, as well as landscaping, signage and various upgrades.
“This new location will allow for greater efficiency of operations, as well as provide us with the space and accessibility needed for us to achieve more optimal outcomes for patients,” John McDonough, vice president of facilities services and real estate development for The University of Kansas Health System, said in prepared remarks.
Senior Vice President Bob Fagan and Vice President Matt Eckert in CBRE’s Kansas City office represented the health system in the transaction. Ned O’Connor from Waterford Property Company LLC represented the ownership.
Image courtesy of Waterford Property Co.