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$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.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition