{"id":1004152723,"date":"2016-09-19T22:17:57","date_gmt":"2016-09-20T06:17:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004152723"},"modified":"2020-04-06T04:55:55","modified_gmt":"2020-04-06T12:55:55","slug":"kansas-city-office-portfolio-sells-for-94m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kansas-city-office-portfolio-sells-for-94m\/","title":{"rendered":"Kansas City Office Portfolio Sells for $94M"},"content":{"rendered":"

By Anca Gagiuc, Associate Editor <\/em><\/p>\n

\"College<\/a>

College Boulevard, Overland Park, Kan.<\/p><\/div>\n

Kansas City, Kan.<\/strong>\u2014HFF<\/a> closed the $94 million sale of a seven-building\u00a0office portfolio<\/a>\u00a0located in Overland Park, Kan., a Kansas City suburb.<\/p>\n

HFF marketed the property on behalf of the seller, and also procured the buyer, New-York-based Group RMC<\/a>. The investment sales team representing the seller was led by senior managing directors Mark Katz, Jaime Fink and Jeff Bramson.<\/p>\n

\u201cHFF was honored to be involved in the sale of three of the most recognizable assets in Kansas City,\u201d said Katz in a statement.\u00a0\u201cThe intersection of College and Metcalf has historically been Main & Main for the Kansas City office market and we\u2019re excited to watch the continued success of the assets.\u201d<\/p>\n

The portfolio comprises three properties totaling 806,864 square feet: 7101 College, Commerce Plaza I and II, and Financial Plaza I-IV, all located in close proximity to executive housing and retail amenities, as well as corporate neighbors such as JP Morgan, AMC, Teva and Coventry Health Care.\u00a0The Class A assets were 92.6 percent leased at the time of sale, to 128 tenants, including General Electric, Cardinal Health, Cigna, Arrowhead General Insurance, Brungardt Honomichl & Co., Principal and EMC.<\/p>\n

Block Real Estate Services<\/a> teamed up with HFF in the marketing of the properties and assisted the seller in the original purchase of the portfolio. Furthermore, BRES managed and leased the properties on behalf of the seller for the past 10 years and will continue in the same manner for the new owner. In order to enhance its leasing services at these properties, BRES has selected Brent Roberts, formerly with CBRE, to take on this assignment. The BRES investment team was led by Ken Block and Harry Drake.<\/p>\n

\u201cWe have had the pleasure of representing the seller in a leasing and management capacity for the past 10 years and look forward to working closely with Group RMC as we implement new leasing and management strategies for the portfolio,\u201d stated Block.<\/p>\n

Images courtesy of Group RMC<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Overland Park portfolio includes the city\u2019s ‘Darth Vader’ building.<\/p>\n","protected":false},"author":237,"featured_media":1004152728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,1592,13,21742,21747],"tags":[],"class_list":["post-1004152723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-kansas-city","category-midwest","category-latest","category-office"],"acf":[],"yoast_head":"\nKansas City Office Portfolio Sells for $94M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kansas-city-office-portfolio-sells-for-94m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kansas City Office Portfolio Sells for $94M\" \/>\n<meta property=\"og:description\" content=\"The Overland Park portfolio includes the city\u2019s 'Darth Vader' building.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kansas-city-office-portfolio-sells-for-94m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-20T06:17:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-06T12:55:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Overland-Park-Portfolio2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1705\" \/>\n\t<meta property=\"og:image:height\" content=\"798\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kansas-city-office-portfolio-sells-for-94m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kansas-city-office-portfolio-sells-for-94m\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Kansas City Office Portfolio Sells for $94M\",\"datePublished\":\"2016-09-20T06:17:57+00:00\",\"dateModified\":\"2020-04-06T12:55:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kansas-city-office-portfolio-sells-for-94m\\\/\"},\"wordCount\":344,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kansas-city-office-portfolio-sells-for-94m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/09\\\/Overland-Park-Portfolio2.jpg\",\"articleSection\":[\"Deals\",\"Finance\",\"Investment\",\"Kansas City\",\"Midwest\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kansas-city-office-portfolio-sells-for-94m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kansas-city-office-portfolio-sells-for-94m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kansas-city-office-portfolio-sells-for-94m\\\/\",\"name\":\"Kansas City Office Portfolio Sells for $94M - 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