A joint venture between Prism Real Estate Services and Ameritas Life Insurance Corp. has acquired the Lenexa Industrial Park portfolio in Lenexa, Kansas.
This industrial and flex portfolio consists of 17 buildings containing about 589,391 square feet at the interchange of Interstate-35 and Interstate-435.
The Newmark Grubb Zimmer capital markets team of Michael VanBuskirk, David Zimmer and Chris Robertson represented the buyer. Newmark Grubb Zimmer will retain leasing and management responsibilities. This will allow the company to maintain its long history with the properties, which were originally developed by Hugh Zimmer.
Zimmer and partners started development of what became known as the Lenexa Industrial Park with the selection of a location for a major Ford distribution center. Lenexa Indutrial Park was the first planned industrial park in the city of Lenexa and the second to open in the then-fledgling industrial market of Johnson County.