WICHITA, KAN. — NAI Martens has brokered the sale of The Northrock Suites and Wichita Inn North in Wichita. A hotel investor group purchased the hotels with plans to flag them as a Comfort Inn & Suites and a Super 8. Neither the sales prices nor the seller were disclosed. Northrock Suites was built in 1996, and consists of four stories and 101 rooms. Wichita Inn North was built in 1998, and consists of three stories and 96 rooms. Troy Farha of NAI Martens brokered the transaction.
LEAWOOD, KAN. — Block & Co. Inc. Realtors has arranged the sale of two acres in the Village of Seville shopping center in Leawood near Overland Park. The shopping center is located at West 133rd Street and State Line Road. An undisclosed buyer purchased the land to build a new 16,400-square-foot medical facility. David M. Block and Phil Peck of Block & Co. negotiated the transaction on behalf of the property owners. Cary Fox and Bill Shakelford of AREA Real Estate Advisors represented the buyer. Block & Co. is responsible for the leasing, property management and construction management of the Village of Seville development.
OVERLAND PARK, KAN. — SelectQuote has signed an 85,000-square-foot office lease at Overland Park Xchange (OPx) in Overland Park. The San Francisco-based life insurance company will occupy the space beginning in September 2017. Occidental Management, the owner of the Class A office building, added a second floor in the former Expo Hall to create two 55,000-square-foot floor plates to accommodate SelectQuote’s needs. SelectQuote plans to transform the exterior area on the ground floor into a large outdoor recreational space as well as offer amenities such as a coffee bar, fitness center and video games to employees. With the SelectQuote lease, the building is now 83.5 percent leased. Other tenants include UnitedHealth Group and Black & Veatch. SelectQuote currently occupies a Midwest office in Kansas City, Mo. and will consolidate the locations.
MERRIAM, KAN. — Block & Co. Inc. Realtors has acquired the former Kmart shopping center in Merriam, located about 10 miles southwest of Kansas City. The center sits on 11.8 acres at 8703 Shawnee Mission Parkway. Block & Co. plans to redevelop the property as a mixed-use development with restaurants, retail, entertainment and hotel sites. Block & Co. will handle all phases of the development including the leasing, property management and construction management. David M. Block of Block & Co. negotiated the sale on behalf of Block & Co. Bob Johnson of RH Johnson Co. negotiated the transaction on behalf of the undisclosed seller.
LENEXA, KAN. — Block & Co. Inc. has negotiated the lease of a 20,970-square-foot industrial building in Lenexa in the Kansas City metro area for D-BAT Baseball & Softball Training Academy. D-BAT Kansas City signed a 10-year lease for the space at 16150 W. 110th Street. There are over 40 D-BAT locations nationwide. In addition to private baseball and softball lessons, the company offers pitching machines, a fully stocked pro shop, camps and clinics. D-BAT Kansas City, which opens later this month, is owned and operated by former professional baseball player Curt Lowry. Max DiCarlo and David M. Block of Block & Co. represented D-BAT Kansas City LLC in the transaction.
OVERLAND PARK, KAN. — Everest Medical Core Properties has acquired Foxhill Medical Center in Overland Park for $9 million. The 52,000-square-foot, three-story building features medical and dental suites. The property is located near I-435 in close proximity to several major hospitals and surgical centers. The building was renovated in 1998, and major exterior enhancements were completed in 2016. The building is 97 percent occupied, with an average of four years remaining on lease terms.
LENEXA, KAN. — A partnership between L5 Investments and BH Equities has acquired Lenexa Pointe Apartments, a 289-unit apartment community, for $17.7 million. The property is situated on 20.5 acres at 12000 W. 77th Terrace in Lenexa, approximately 12 miles south of Kansas City, Mo. The community features 145 one-bedroom units and 144 two-bedroom units. The building was originally built in 1972 and renovated in 1992. The partnership is planning a major renovation of the property estimated at more than $6 million, including construction of a new leasing center, business and fitness center, landscaping enhancements and new lighting. BH Equities will manage the property through its property management arm, BH Management Services. Dustin Dulin of JLL arranged the debt on behalf of the partnership. Brandon Grisham of CBRE brokered the deal with both the buyer and the seller, a private investor.
KANSAS CITY, KAN. — Block & Co. Inc. has sold a 1.1-acre pad site at the Plaza at the Speedway development in Kansas City to Burger King. The pad site is located on the northwest quadrant of I-435 and Parallel Parkway in front of Sam’s Club and Kohl’s. The Plaza at the Speedway is an 850,000-square-foot retail shopping center located in the heart of a major tourism district. Other tenants include Walmart Supercenter, Taco Bell and Chick-fil-A. Anchor space, pad sites and small shop spaces are still available. Alex Block and David M. Block of Block & Company represented the seller, Plaza Speedway Development Inc., in the transaction.
LENEXA, KAN., AND KANSAS CITY, MO. — Equus Capital Partners has sold a three-property multifamily portfolio, located in Lenexa and South Kansas City, to Denver-based Monarch Investment and Management Group for $35 million. At the time of sale, the 483-unit portfolio was 97 percent occupied. The portfolio comprises Madison Woodridge and Madison Mill Creek, totaling 367 units in Lenexa, and the 116-unit Madison Woodlands in South Kansas City. Jeff Stingley of CBRE represented the seller in the transaction.
OVERLAND PARK, KAN. — Senior Living and CA Senior Living are developing The Sheridan at Overland Park, an assisted living and memory care community in Overland Park. As part of the CityPlace mixed-use development, the community will feature 116 studio, one- and two-bedroom apartment homes, including assisted living and memory care units, ranging in size from 315 square feet to 920 square feet. The property will feature a bistro dining and gathering spot, chef-prepared meals, wellness monitoring, best-in-class memory care and 24-hour access to licensed care staff. The community is slated to open in early 2017. CA Senior Living is the senior housing investment and development division of Chicago-based CA Ventures.