New Investors to Kansas City Market will Revitalize Iconic Skyscraper

Cushman & Wakefield to Provide Leasing Services for 2345 Grand KANSAS CITY, July 20, 2018 – Cushman & Wakefield announced today that one of Kansas City’s most iconic office buildings, 2345 Grand, is being revitalized and will be reintroduced to the market by new owners CrossHarbor Capital Partners LLC and Lingerfelt CommonWealth Partners. The Cushman & Wakefield team of Senior Director Miles McCune, Director Jeff Winters and Director Travis Helgeson will lead leasing efforts for the high-rise office tower. The 28-story, 630,000-square-foot property is located at 22nd Street and Grand Boulevard, connecting Crown Center to the Crossroads Arts District. “These two investment firms, new to our market, are welcome additions,” said McCune. “We’re excited about their plans to re-energize this iconic Kansas City skyscraper and reintroduce it to the market. Plans are underway to enhance the building’s amenities in order to attract creative tenants.” The Class A office building features [...]

By |2018-07-20T11:27:42-04:00July 20th, 2018|Featured, In the News, Press Release|0 Comments

Savoy Acquisition Company LLC Sells Stake in Historic Hotel Savoy to 21c Museum Hotels LLC

Cushman & Wakefield’s Whitney Kerr Sr. Represents Seller KANSAS CITY, February 6, 2017 – Cushman & Wakefield announced today that Savoy Acquisition Company LLC has sold its stake in the historic Hotel Savoy to 21c Museum Hotels LLC for cash and conveyance of the east contiguous parking lot, located at 205 W. 9th St. 21c Museum Hotels LLC is transforming the Hotel Savoy into a 120-room boutique hotel with a fine dining restaurant, event space and contemporary art museum. With the purchase of the Savoy minority partnership stake, the Louisville-based 21c Museum Hotels LLC has completed refinancing plans with Junius Real Estate Partners, a subsidiary of J. P. Morgan. McCown Gordon Contractors has already started construction on the hotel, located at 9th and Central streets in Downtown Kansas City. Cushman & Wakefield Senior Director Whitney E. Kerr Sr., SIOR, CCIM, CRE, represented Savoy Acquisition Company LLC in the transaction. “Over [...]

By |2018-04-28T09:05:14-04:00February 6th, 2017|In the News, Press Release|0 Comments

Kansas City Industrial Market Absorbs Record 5.5 MSF in 2016

2017 Looks Promising for Downtown Office Market, Reports Cushman & Wakefield KANSAS CITY, January 23, 2017 – Cushman & Wakefield announced today that while the performance of the Kansas City industrial real estate market was spectacular throughout 2016, the fourth quarter was the strongest with 1.8 million square feet of absorption. “5.5 million square feet of space were absorbed in 2016, a record total for the Kansas City industrial market and almost 10% higher than the previous record set in 2007,” said Michael Mayer, SIOR, Cushman & Wakefield Managing Principal. “The market is as strong as it has ever been. New construction in Johnson County continued to be a major driver in the fourth quarter.” The office market also experienced strong absorption in the fourth quarter with 249,000 square feet, bringing the year-end total to 287,000 square feet. Q4 2016 Highlights by Industry Sector (Click here to view the full [...]

By |2018-04-28T09:05:14-04:00January 23rd, 2017|In the News, Press Release|0 Comments

Port KC Leases Riverfront Land to Flaherty & Collins for First Vertical Mixed-Use Development on the Site in 100 Years

KANSAS CITY, December 12, 2016 – Cushman & Wakefield announced today that Port KC, formerly known as the Port Authority of Kansas City, Missouri, has leased five acres of land to Flaherty & Collins for a mixed-use development at The Union at Berkley Riverfront Park, 1298 E. Riverfront Rd. Flaherty & Collins will develop a new 410-unit, market-rate apartment project with 12,400 square feet of ground-level commercial space and a 400-space parking structure. Construction on the project begins this month; MW Builders is the contractor. Delivery is expected in the summer of 2018. Cushman & Wakefield Vice President Gib Kerr, CCIM, and Associate Jeffrey Bentz represented Port KC in the transaction. “Cushman & Wakefield is extremely proud to have worked with the talented folks at both Port KC and Flaherty & Collins to finalize this transaction, which will result in the first vertical development on this unique riverfront site in [...]

By |2018-04-28T09:05:14-04:00December 12th, 2016|In the News, Press Release|0 Comments

Shuttlewagon Leases 81,997 SF at Three Trails Industrial Park

KANSAS CITY, November 29, 2016 – Cushman & Wakefield announced today that Shuttlewagon, Inc. has leased 81,997 square feet of space in Building III at Three Trails Industrial Park, 8701 Elmwood Ave. in Kansas City for 15 years. Shuttlewagon Inc., a Nordco company, is a leading designer and manufacturer of mobile railcar movers for industries including aggregate, mining and refining. “We are very excited to be moving into the new Three Trails facility,” said Joel Frank, President of Shuttlewagon, Inc. “The new building will provide us with the needed space to grow with minimal disruption to our existing workforce. It was a pleasure working with Cushman & Wakefield to complete this transaction.” Cushman & Wakefield Senior Vice President Joe Accurso and Associate Vice President Rob Holland represented Shuttlewagon, Inc. in the transaction. Mark Fountain and Nick Tinnel of True North Industrial Realty, LLC, represented NPIF2 Three Trails Building III, LLC. [...]

By |2018-04-28T09:05:15-04:00November 29th, 2016|In the News, Press Release|0 Comments