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JLL Arranges KC-Area Office Portfolio Deal

JLL Capital Markets Midwest has arranged the sale and financing of the Southlake Portfolio, consisting of 11 Class A and B office buildings near Kansas City, for $88 million. The portfolio encompasses 784,557 square feet of office space.

The firm’s Bruce Miller, Jim Postweiler, Peter Harwood and Derek Fohl led the sales and marketing efforts for the portfolio on behalf of the seller, funds managed by Oaktree Capital Management L.P., Hines and Waterford Property Company. JLL’s Keith Largay arranged acquisition financing from Morgan Stanley on behalf of the buyer, City+Ventures, a first-time buyer in the market.

“We’ve had our eye on the Kansas City Metro for a while, and felt like the Southlake portfolio was a great fit for us,” said Chris Erickson, City+Ventures’ co-founder. “It had the perfect balance of long-term stability and value add opportunity. We look forward to bringing some new energy to the property.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition