REBusinessOnline

Block & Co. Arranges Sale of 27,350 SF Office Building in Kansas City

KANSAS CITY, MO. — Block & Co. Inc. Realtors has arranged the sale of the 8301 State Line Professional Building in Kansas City for an undisclosed price. The three-story office building spans approximately 27,350 square feet and is situated just north of Ward Park Center. Notable tenants at the fully occupied property include the Third and Long Foundation, Psychology of Kansas City and Hospice Care of America. Piers Pener of Block & Co. represented the undisclosed buyer. The seller was …

Acquisitions, Midwest, Missouri, Office

Stan Johnson Co. Brokers $14M Sale of Industrial Facility in Fenton, Missouri

FENTON, MO. — Stan Johnson Co. has brokered the sale of Cassens Business Center in Fenton for $14 million. The multi-tenant industrial facility spans 132,279 square feet and is located at 2391 Cassens Drive. At the time of sale, the property was fully leased to two national tenants as well as a regional company. Zach Harris and Brad Pepin of Stan Johnson represented the seller, Green Street St. Louis, a Missouri-based developer. RCRL LLC, a New Jersey-based individual investor, purchased the …

Acquisitions, Industrial, Midwest, Missouri

Twin River Worldwide Agrees to Acquire Two Casinos from Eldorado Resorts for $230M

LINCOLN, R.I. — Twin River Worldwide Holdings Inc. (NYSE: TRWH) has entered into an agreement to acquire Isle of Capri Casino Kansas City in Missouri and Lady Luck Casino Vicksburg in Mississippi for $230 million. Eldorado Resorts Inc. (Nasdaq: ERI) is the seller. Isle of Capri is located near downtown Kansas City, overlooking the Missouri River. The property offers 40,000 square feet of casino space, 939 gaming machines, 13 table games and two dining venues. Lady Luck Casino Vicksburg …

Acquisitions, Midwest, Mississippi, Missouri, Retail, Southeast, Top Stories

Law Organizations to Share Office Space in Kansas City’s Country Club Plaza

KANSAS CITY, MO. — Kirkendall Dwyer LLP and Law Tigers have jointly signed a long-term office lease for 1,474 square feet at the Skelly Building in Kansas City’s Country Club Plaza. The organizations will occupy Suite 208 on the second floor. The building, located at 605 W. 47th St., is now 97 percent occupied. Other tenants include Panera Bread, Bo Lings Chinese restaurant, Footlocker, Roth Living, McDowell Rice Smith & Buchanan, House Park & Dobratz, Block & Co. Inc. Realtors …

Leasing Activity, Midwest, Missouri, Office

US Capital Development Breaks Ground on $20M Industrial Build-to-Suit for 1st Phorm in Fenton, Missouri

FENTON, MO. — US Capital Development has broken ground on a $20 million industrial build-to-suit for 1st Phorm at Fenton Logistics Park in Missouri. The sports nutrition products manufacturer expects to occupy the 182,400-square-foot facility by early next year. Upon completion, the property will house more than 400 employees and feature an auditorium, gym, podcast room, basketball court, kitchen and media rooms in addition to office and warehousing space. With the addition of the new 1st …

Development, Industrial, Midwest, Missouri

Berkadia Arranges $32.9M Financing for Apartment Conversion Project in Kansas City

KANSAS CITY, MO. — Berkadia has arranged a $32.9 million loan for the conversion of the former Commerce Bank executive office building in Kansas City into apartments. Known as Flashcube Apartments, the property will include 184 units. Construction began in January and is expected to take 12 to 18 months to complete. Community amenities will include a game room, basketball court, fitness center, pickleball court, lounge, dog run and bike storage. John Schorgl of Berkadia arranged the 2.5-year …

Loans, Midwest, Missouri, Multifamily

M&T Realty Capital Corp. Provides $3.9M Fannie Mae Loan for Acquisition of Apartment Property in Kansas City

KANSAS CITY, MO. — M&T Realty Capital Corp. has provided a $3.9 million Fannie Mae Green Rewards loan for the acquisition of Colony Court Apartments in Kansas City. The 80-unit, garden-style apartment community offers two-bedroom floor plans. Amenities include carports, a pool and complimentary Google Fiber high-speed internet access. The borrower, Prosperity CRE, plans to implement energy- and water-saving improvements as part of the Green Rewards program. The company also plans to …

Loans, Midwest, Missouri, Multifamily

Block & Co. Arranges Sale of 33,340 SF Shopping Center in Lee’s Summit, Missouri

LEE’S SUMMIT, MO. — Block & Co. Inc. Realtors has arranged the sale of the 33,340-square-foot Raintree Village shopping center in Lee’s Summit for an undisclosed price. The property sits on eight acres at 817-899 SW Lemans Lane. Phil Peck of Block & Co. represented the seller, Compton Holdings LLC. The buyer was not disclosed. Block & Co. will continue to handle leasing for the center. Six spaces are currently available for lease, ranging from 1,139 to 3,626 square feet. Some …

Acquisitions, Midwest, Missouri, Retail

Bellomy & Co. Brokers Sale of Self-Storage Facility in Grain Valley, Missouri

GRAIN VALLEY, MO. — Bellomy & Co. has brokered the sale of Spare Garage Storage in Grain Valley, an eastern suburb of Kansas City. The sales price was not disclosed. The self-storage facility sits on 3.2 acres and includes 204 non-climate-controlled units. The property spans 39,700 square feet. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the seller, Mid Central Title Inc. The team also procured the buyer, Kaup Properties

Acquisitions, Industrial, Midwest, Missouri, Self-Storage

USDA Selects Kansas City for Relocation of Two Divisions

KANSAS CITY, MO. — The U.S. Department of Agriculture (USDA) has selected the Kansas City region for the relocation of the Economic Research Service (ERS) and National Institute of Food and Agriculture (NIFA). U.S. Secretary of Agriculture Sonny Perdue cites affordability, easy commutes and quality of life for the site selection process. “The Kansas City region has proven itself to be a hub for all things agriculture and is a booming city in America’s heartland,” he says. “There is …

Civic, Midwest, Missouri
Content Partners Alliant Credit Union
RED Capital Group

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