{"id":1004405596,"date":"2020-04-01T06:36:16","date_gmt":"2020-04-01T14:36:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004405596"},"modified":"2025-02-27T21:45:06","modified_gmt":"2025-02-28T05:45:06","slug":"jll-closes-sale-of-procter-gambles-kansas-city-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-closes-sale-of-procter-gambles-kansas-city-campus\/","title":{"rendered":"JLL Closes Sale of Procter & Gamble\u2019s Kansas City Campus"},"content":{"rendered":"
\"\"<\/a>

Procter & Gamble Kansas City Plant. Image courtesy of JLL<\/i><\/p><\/div>\n

JLL has arranged the sale of Procter & Gamble\u2019s multi-building, 574,000-square-foot industrial campus in Kansas City, Kan. A partnership between New Mill Capital and Gordon Brothers Group acquired the property, according to public records.<\/p>\n

The JLL team that assisted the seller included Managing Regional Director Kevin Wilkerson and Executive Vice President Phil Algrim.<\/p>\n

Located on 66 acres at 1900 Kansas Ave., the manufacturing facility was built in 1905 and expanded in the following decades. The industrial site is close to the intersection between U.S. Route 69 and Interstate 70 and features direct access to rail service. Downtown Kansas City is 5 miles east of the property and Charles B. Wheeler downtown Airport is 6 miles out.<\/p>\n

Though the company announced in 2018 that it would close the century-old plant, Procter & Gamble signed a lease for at least the rest of the year. The property comprises 160,000 square feet of office, 186,000 square feet of manufacturing and 200,000 square feet of warehouse and distribution space.<\/p>\n

Last month, JLL secured a $991.8 million loan<\/a> on behalf of California State Teachers\u2019 Retirement System. The 17-building, 7 million-square-foot portfolio includes nine industrial facilities, five office properties and three multifamily assets.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em>our short form<\/em><\/strong><\/a> or send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

Kevin Wilkerson and Phil Algrim arranged the deal on behalf of the seller.<\/p>\n","protected":false},"author":867,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,1592,13,21742],"tags":[34612,32796,34611,41429],"class_list":["post-1004405596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-kansas-city","category-midwest","category-latest","tag-gordon-brothers-group","tag-jll","tag-new-mill-capital","tag-procter-gamble"],"acf":[],"yoast_head":"\nJLL Closes Sale of Procter & Gamble\u2019s Kansas City Campus - 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\/jll-closes-sale-of-procter-gambles-kansas-city-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Closes Sale of Procter & Gamble\u2019s Kansas City Campus\" \/>\n<meta property=\"og:description\" content=\"Kevin Wilkerson and Phil Algrim arranged the deal on behalf of the seller.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-closes-sale-of-procter-gambles-kansas-city-campus\/\" \/>\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=\"2020-04-01T14:36:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T05:45:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-closes-sale-of-procter-gambles-kansas-city-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jll-closes-sale-of-procter-gambles-kansas-city-campus\/\",\"name\":\"JLL Closes Sale of Procter & Gamble\u2019s Kansas City Campus - 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