Gabe Tovar, senior vice president, and Jeff Lamott, managing director of Northmarq’s Kansas City investment sales team, finalized the $21.1 million sale of Arbor Square. Built in 1971, the 195-unit multifamily community is located at 7613 Flint St. in Shawnee, Kansas.
Brett Hood, managing director with Northmarq’s Chicago debt and equity team, assisted Quad Property Group in securing a fixed-rate loan of $13.845 million through Northmarq’s Optigo status as a Freddie Mac lender.
Situated in the highly sought-after Johnson County submarket, Arbor Square is across the street from Shawanoe Elementary School and only five minutes from Advent Health, one of the largest regional hospital systems in Kansas City. Residents enjoy a variety of community amenities including a dog park, outdoor swimming pool with sun deck, fitness center, and playground.
