KANSAS CITY, MO. — Berkadia has arranged the sale of Ashton Court, a 41-unit multifamily property built in 1960, and Ashton Place, a 37-unit community constructed in 1961, in Kansas City. Michael Spero, Niko Vrentas and Simon Rodewald of Berkadia represented the seller, Shawnee, Kan.-based Landmark Realty. Kansas City-based G1 Real Estate was the buyer. Additionally, the Berkadia team negotiated the sale of The Marseilles Apartments, a 28-unit property in Fairway, Kan. A private Missouri-based partnership sold the asset to Northfield, Ill.-based QMR Partners LLC. Built in 1971, the community offers a mix of studio, one- and two-bedroom units as well as a swimming pool and structured parking garage.
LEAWOOD, KAN. — KBS has sold Park Place Village, a 10-building, 484,980-square-foot office and retail property in the Kansas City suburb of Leawood, for $100 million. DFW Land, a development company that specializes in the acquisition, development and sale of land in the Dallas-Fort Worth Metroplex area, was the buyer. Park Place Village was owned by KBS Real Estate Investment Trust III and purchased in 2015. Developed in phases between 2007 and 2013, the property features amenities such as boutique shops, upscale restaurants, a fitness center, bike storage, electric vehicle charging stations, onsite parking and a rooftop terrace. The surrounding area is home to shopping and entertainment venues, parking garages, the Aloft Hotel, 201 apartment units, 30 townhouses and 27 lofts. The asset was fully leased at the time of sale. Derek Fohl and Gary Carr of Newmark represented KBS in the sale with support from the brokerage firm’s Jim Postweiler, Peter Harwood, Jack Trager, Jake Paschen, Robert Hill, Chris Murphy and Austin Sheehan. Attorneys Bruce Fischer and Howard Chu along with paralegal Amanda Kennedy of Greenberg Traurig LLP represented KBS as legal counsel in the disposition. Ari Schwartzbard and Bill Weber of Newmark arranged a $62 million acquisition loan on …
KANSAS CITY, KAN. — L&B Realty Advisors and Block Real Estate have purchased the Kansas City Light Industrial Portfolio, a collection of seven light industrial assets totaling 624,784 square feet across three business parks in Johnson County, Kan. The portfolio’s assets are located in the Switzer, Westbrook and Brookhollow business parks, all positioned directly off I-35. Built between 1979 and 2001, the properties range from 35,901 to 155,213 square feet. The facilities feature an average clear height of 23 feet and offer both multi-tenant and single-tenant formats across 26 total suites. The portfolio is currently 87.3 percent occupied by users such as healthcare providers, manufacturing companies, distribution operations and professional services firms. Notable tenants include Manna Pro Products, HCA Healthcare, University of Kansas Hospital Authority, Siemens Corp. and Temp-Con. Ed Halaburt, Sean Devaney, Kurt Sarbaugh and Ross Bratcher of JLL represented the seller, Clarion Partners.
TOPEKA, KAN. — Marcus & Millichap has brokered the sale of a two-property self-storage portfolio with 580 units in Topeka. Located at 3200 S. Kansas Ave. and 235 SW Gage Blvd., the facilities total 67,721 rentable square feet. The properties are 84 percent occupied and include climate-controlled and non-climate-controlled units, outdoor parking and portable units. Sean Delaney and Colby Haugness of Marcus & Millichap represented the Utah-based seller and procured the buyer, a Pennsylvania-based owner that engaged KO Storage to manage the portfolio moving forward.
LENEXA, KAN. — Owner Copaken Brooks has unveiled two new tenants joining the District at Lenexa City Center — NEAT. Cocktail Bar and The Groom Gallery. The cocktail bar will open in winter 2025 in a 1,250-square-foot space that was formerly home to Savoy Tea. Block & Co. Inc. Realtors represented Neat Craft Cocktails in the lease. The Groom Gallery, a full-service pet grooming concept with six locations throughout the metro area, signed a lease for 1,312 square feet and anticipates opening in the first quarter of 2026. The District location will serve as a relocation of the company’s existing Lenexa site. Peak Real Estate Partners represented the tenant. Erin Johnston of Copaken Brooks was the landlord representative on both deals.
LENEXA, KAN. — Copaken Brooks has announced that three new restaurants are coming to the AdventHealth Campus at Lenexa City Center in Kansas. Five Four, Urban Egg and Stoney River Steakhouse and Grill will open between 2026 and 2027. AdventHealth in Lenexa offers emergency care, outpatient services, advanced imaging and physician offices. Formerly 54th Street, Five Four will introduce the newest prototype of the Kansas City-based restaurant with a 10,000-square-fot standalone building with both indoor dining and an outdoor games area. Slated to open in fall 2026, this will be Five Four’s ninth metro location and second in Johnson County. Ferguson Properties represented the restaurant in the lease. Urban Egg, a Colorado-founded breakfast and brunch concept with 11 locations across three states, will occupy a 3,400-square-foot restaurant. The Lenexa location is slated to open in late 2026. The Retail Group represented Urban Egg in the lease. Stoney River, owned by SPB Hospitality, will make its Kansas City debut in an 8,000-square-foot space. The steakhouse is slated to open in early 2027. Pace Properties represented the tenant. Urban Egg and Stoney River will be located within a new mixed-use building, which Copaken Brooks will begin constructing in October. The property will …
HUTCHINSON, KAN. — Marcus & Millichap has brokered the $3.4 million sale of a four-suite retail strip center in Hutchinson within central Kansas. The sale of the property at 401 E. 4th Ave. also included a Dillon’s Fuel Station ground lease. Built in 1968, the 50,420-square-foot asset is leased to Planet Fitness, Dollar Tree and Dillon’s. Mark Ruble, Chris Lind, Zack House and Colby Haugness of Marcus & Millichap represented the seller, a Kansas-based limited liability company.
MERRIAM, KAN. — Block & Co. Inc. Realtors has sold a Chipotle-occupied restaurant property and a Shell convenience store building in Merriam, a southwest suburb of Kansas City. The assets are located on the northeast quadrant of I-35 and Shawnee Mission Parkway. The two buildings were both managed and sold by a Block & Co.-headed investment group to a buyer affiliated with Drake Development to be part of a larger redevelopment project on the north side of Shawnee Mission Parkway. David Block represented the seller.
OVERLAND PARK, KAN. — Vietnam Cafe will open its second location at 9500 W. 135th St. in Overland Park. Bill Maas of Block & Co. Inc. Realtors represented the seller in the transaction. The Vietnamese restaurant’s first location is at 522 Campbell St. near the River Market in Kansas City. The menu features authentic pho, as well as dishes from chicken, beef, shrimp and vegetarian options. The new restaurant will occupy the 4,075-square-foot former Beef-A-Roo space. The property will undergo construction, with a proposed open date to be determined.
OVERLAND PARK, KAN. — Block & Co. Inc. Realtors has sold a retail development site at Oak Park Mall in Overland Park to Hyper Energy Bar, an Iowa-based drive-thru chain. Hyper Energy Bar sells energy drinks with caffeine, caffeine-free and sugar-free options. The 1.2-acre pad site is adjacent to tenants IHOP, Paris Baguette and Bank of America. Hyper Energy Bar is slated to open in the first quarter of 2026. Daniel Brocato and David Block of Block & Co. represented the landlord, while Pat Coppinger of Colliers represented the tenant.
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