JLL Capital Markets closed the sale of Park Central Plaza I and II in the Country Club Plaza submarket of Kansas City, Missouri, for an undisclosed purchase price. The properties total 148,217 square feet of office space and are currently 95.9 percent occupied.
JLL Capital Markets Managing Director Jim Postweiler, Managing Director Peter Harwood and Senior Vice President Derek Fohl led the sales and marketing efforts for the properties on behalf of the seller, Sun Life Assurance Company of Canada, and its real estate advisor Bentall Kennedy (U.S.) Limited Partnership.
Omaha-based real estate investment company City+Ventures, which recently acquired nearby Southlake Technology Park in February, purchased the office buildings.
Located within Kansas City’s premier office submarket, Park Central Plaza I and II provide immediate access to more than 800,000 square feet of retail and dining amenities.
JLL Managing Director Keith Largay and Senior Vice President Brian Walsh arranged acquisition financing on behalf of the buyer. JP Morgan provided the financing.
