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KansasIndustrial

Newmark closes sale of commerce center property in Kansas

April 28, 2021
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Sealy & Company, a fully-integrated commercial real estate investment and operating company, has purchased Lone Elm Commerce Center, a Class-A warehouse in Olathe, Kansas.

This sale was completed by Mark Long, president and chief executive officer, and John Hassler, senior managing director, with Newmark Zimmer.

The 210,500-square-foot industrial facility, situated on 12 acres, features an aesthetically enhanced office storefront, surrounding windows, expansive parking, loading docks, vast paved outdoor storage and a high-efficiency rooftop. Additionally, the building can be configured to accommodate tenants in need of smaller spaces of 50,000 to 100,000 square feet.

The property was developed by Heise-Meyer, LLC in partnership with Odyssey Real Estate Capital. The building is 50 percent leased and Newmark Zimmer will be leasing the remainder of the vacant space.

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