{"id":1004750735,"date":"2025-03-17T03:52:07","date_gmt":"2025-03-17T11:52:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004750735"},"modified":"2025-03-17T04:17:35","modified_gmt":"2025-03-17T12:17:35","slug":"artemis-jv-picks-up-2-5-msf-kansas-city-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/artemis-jv-picks-up-2-5-msf-kansas-city-portfolio\/","title":{"rendered":"Artemis JV Picks Up 2.5 MSF Kansas City Portfolio"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/2999a28f-5b66-8257-396e-84e5f2284ba9-e1742206111327.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"4529\" height=\"3399\" data-attachment-id=\"1004750745\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/artemis-jv-picks-up-2-5-msf-kansas-city-portfolio\/2999a28f-5b66-8257-396e-84e5f2284ba9\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/2999a28f-5b66-8257-396e-84e5f2284ba9-e1742206111327.jpg\" data-orig-size=\"4529,3399\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2999a28f-5b66-8257-396e-84e5f2284ba9\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Exterior shot of one of the buildings within the industrial park known as Logistics Park Kansas City, in Edgerton, Kan. Image courtesy of Arch Street Capital&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/2999a28f-5b66-8257-396e-84e5f2284ba9-e1742206111327.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/2999a28f-5b66-8257-396e-84e5f2284ba9-e1742206111327.jpg\" alt=\"Exterior shot of a warehouse in the 2,352-acre Logistics Park Kansas City, in Edgerton, Kan.\" class=\"wp-image-1004750745\" style=\"width:400px\"\/><\/a><figcaption class=\"wp-element-caption\">The industrial buildings came online between 2014 and 2017 and are situated within Logistics Park Kansas City in Edgerton, Kan. <em>Image courtesy of Arch Street Capital<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The joint venture of Arch Street Capital Advisors and Artemis Real Estate Partners has acquired a 2.5 million-square-foot, Class A industrial portfolio in the Kansas City, Mo., metro area.<\/p>\n\n\n\n<p>Ares Management sold the four-building collection, while Northwestern Mutual provided a permanent loan, according to CommercialEdge.<\/p>\n\n\n\n<p>The sale closed after Barings LLC entered into an <a href=\"https:\/\/www.commercialsearch.com\/news\/barings-strikes-deal-to-buy-artemis-real-estate-partners\/\">agreement to acquire Artemis<\/a>. That deal will be finalized by the end of this quarter.<\/p>\n\n\n\n<p>The buildings are within Logistics Park Kansas City, a 2,352-acre master-planned industrial campus. The park has 15.5 million square feet of completed space and has a total capacity of 26.5 million square feet.<\/p>\n\n\n\n<p>Located in Edgerton, Kan., within the Outlying Johnson County submarket, the four facilities are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Inland Port II, a 327,686-square-foot property at 31426 W. 191st St.<\/li>\n\n\n\n<li>Inland Port V, a 655,463-square-foot building at 31201 W. 187th St.<\/li>\n\n\n\n<li>Inland Port XII, a 657,354-square-foot facility at 30801 W. 191st St.<\/li>\n\n\n\n<li>Inland Port XIV, a property totaling 822,104 square feet at 19451 Waverly Road<\/li>\n<\/ul>\n\n\n\n<p>The portfolio was fully leased at the time of sale. The tenant roster includes DEMDACO, Wagner Logistics, Walmart and Amazon\u2014which fully occupies the largest of the four buildings.<\/p>\n\n\n\n<p>Tenants have access to a nearby 443-acre BNSF intermodal facility. The logistics hub is a critical <a href=\"https:\/\/www.commercialsearch.com\/news\/mastering-supply-chain-challenges-while-learning-from-experience\/\">supply chain location<\/a> that allows direct connections to transcontinental railroad systems. The properties are also near Interstate 35, within 35 miles of Kansas City and 50 miles of Kansas City International Airport.<\/p>\n\n\n\n<p>Built between 2014 and 2017, the facilities include 32-, 36- and 40-foot clear heights, ESFR sprinkler systems, cross-dock configurations, loadings doors, dock levelers and bumpers and a total of 978 vehicle parking spots. All assets are one-story buildings, with ample column spacing and office components.<\/p>\n\n\n\n<p>Ares Management previously owned the four properties, as part of a 10-building collection that it had acquired in 2017 from NorthPoint Development, according to CommercialEdge information. In July 2024, the 6.4 million-square-foot portfolio was <a href=\"https:\/\/www.commercialsearch.com\/news\/6-4-msf-kansas-city-industrial-portfolio-lands-244m-refi\/\">refinanced with a $244 million loan<\/a> held by Barings.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-recent-midwest-portfolio-deals\">Recent Midwest portfolio deals<\/h2>\n\n\n\n<p>A few other major portfolio deals closed in the Midwest region since the start of the year, signaling investor confidence in its industrial sector. Late last month, <a href=\"https:\/\/www.commercialsearch.com\/news\/investcorp-pays-335m-for-industrial-portfolios\/\">Investcorp paid $335 million<\/a> for 27 industrial assets totaling 2.7 million square feet of space across two metro areas. Of the total, 17 properties are in metro Minneapolis.<\/p>\n\n\n\n<p>In January, SL Industrial Partners picked up a <a href=\"https:\/\/www.commercialsearch.com\/news\/sl-industrial-partners-buys-chicagoland-light-industrial-portfolio\/\">17-building industrial flex portfolio<\/a> across three business parks in Chicago&#8217;s suburbs. Stockbridge sold the assets, which encompass a total of 925,391 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon fully occupies the largest of the four buildings.<\/p>\n","protected":false},"author":2991,"featured_media":1004750745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,1592,13,21742],"tags":[37542,44687,34570,37376],"class_list":["post-1004750735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-kansas-city","category-midwest","category-latest","tag-arch-street-capital-advisors","tag-ares-management-corp","tag-artemis-real-estate-partners","tag-northwestern-mutual"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Artemis JV Picks Up 2.5 MSF Kansas City Portfolio - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Arch Street Capital Advisors and Artemis Real Estate Partners bought a four-building industrial portfolio in the Kansas City, Mo. metro area.\" \/>\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\/artemis-jv-picks-up-2-5-msf-kansas-city-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Artemis JV Picks Up 2.5 MSF Kansas City Portfolio\" \/>\n<meta property=\"og:description\" content=\"Arch Street Capital Advisors and Artemis Real Estate Partners bought a four-building industrial portfolio in the Kansas City, Mo. metro area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/artemis-jv-picks-up-2-5-msf-kansas-city-portfolio\/\" \/>\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=\"2025-03-17T11:52:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-17T12:17:35+00:00\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/2999a28f-5b66-8257-396e-84e5f2284ba9-e1742206111327.jpg\" \/>\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\/artemis-jv-picks-up-2-5-msf-kansas-city-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/artemis-jv-picks-up-2-5-msf-kansas-city-portfolio\/\",\"name\":\"Artemis JV Picks Up 2.5 MSF Kansas City Portfolio - 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