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CBRE closes $24 million apartment complex sale in Kansas

Dan Rafter April 5, 2017
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CBRE Group Inc. recently closed the sale of the Park Edge Apartments in Lenexa, Kansas.

Built in 1999, Park Edge is a garden-style community in Kansas City’s Johnson County submarket.

Kansas City-based Maxus Realty Trust purchased the complex in December of last year for about $24 million. Jeff Stingley of CBRE’s Kansas City office represented the seller in the transaction. Park Edge was the seventh apartment complex that Stingley sold in 2012.

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