CBRE has arranged the sale of The Reserve at South Pointe, a 301-unit multifamily property at 8900 Old Santa Fe Road in Kansas City, Missouri.
Hudson Equities Management Corporation purchased the asset from a private seller. This represents Hudson Equities Management Corporation’s first Kansas City-area acquisition. A sale price was not disclosed.
CBRE’s Kansas City multifamily team of Max Helgeson, Michael Spero and Jeff Stingley represented the seller in the transaction.
Located in one of the fastest-growing areas in Southeast Kansas City, The Reserve at South Pointe consists of 17 multifamily buildings with a variety of one- to three-bedroom units. It is close to retailers and major employers including Cerner’s new 393-acre Innovations Campus, which will ultimately house about 16,000 employees.
The location provides easy access to the Kansas City metro area with close proximity to I-435, I-470 and U.S. Highway 71. Property highlights include spacious floor plans, oversized closets and amenities including a pool, fitness center, secured entry, business center and dog park.
Built in 1972, the multifamily community has undergone substantial capital improvements during the past four years. Most of the units have newer HVAC systems, windows and roofs. All unit interiors received a complete transformation, including new appliances, countertops, flooring, lighting, hardware and paint.
