April 18, 2019
Park Central Plaza I and II in Kansas City’s Country Club Plaza submarket sold for an undisclosed purchase price. The seller was Sun Life Assurance Company of Canada, and its real estate advisor Bentall Kennedy (U.S.) Limited Partnership. They buyer was Omaha-based investor City+Ventures, which recently acquired nearby Southlake Technology Park in February.
The 95.9%-occupied assets total 148,217 square feet of office space. The properties are within the K.C.’s premier office submarket, which provides immediate access to more than 800,000 square feet of top retail and dining amenities, including boutiques and an eclectic mix of restaurants.
JLL’s Jim Postweiler, Peter Harwood and Derek Fohl led the sales and marketing efforts for the properties on behalf of the seller.
“Located in the prestigious Country Club Plaza submarket, these properties offer a unique blend of unmatched stability and quality, which sparked significant investor interest,” said Fohl.
JLL’s Keith Largay and Brian Walsh arranged acquisition financing for the buyer through JP Morgan.
For comments, questions or concerns, please contact Dennis Kaiser