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Chicago & Midwest  + Midwest  + Office  | 

$60M Acquisition Financing Arranged for 30-Story K.C. Office Tower

New York-based Somera Road, Inc. secured $60.2 million in acquisition bridge financing for 1100 Main Street, a 30-story, 657,070-square-foot, Class A office building in Kansas City, MO. The floating-rate acquisition bridge loan was provided through TPG RE Finance Trust.

The property was acquired in an off-market transaction. Loan proceeds will be used to renovate, rebrand and reposition the property as the premier downtown office tower in Kansas City.

The property is located on a whole city block at 1100 Main St. in the heart of Kansas City’s CBD, and serves as the gateway to Kansas City’s Power & Light District, which offers tenants numerous retail, dining and entertainment options. The property has immediate accessibility to public transport via the Kansas City Streetcar stop directly outside the building. Current tenants include Dollar Burns & Becker; Kansas City Business Journal; Pinsight Media +, Inc.; and Alight Analytics.

HFF’s Leon McBroom and Mark Katz represented the borrower.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition