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JLL Secures $221M for 2.2M-SF Office Campus in Kansas
JLL Capital Markets’ secured $221.25 million in acquisition financing on behalf of an affiliate of New York-based Group RMC Corporation for Corporate Woods, a 2.2 million-square-foot office campus in Overland Park, KS. Institutional lenders provided the 10-year, fixed-rate loan.
The seller of the 22 mostly Class A office buildings was a joint venture including CenterSquare Investment Management and Stoltz Real Estate Partners.
Located at the confluence of I-435 and US-69 on 294 acres, Corporate Woods is considered the largest corporate campus between Chicago and Denver. The more than 90%-occupied campus includes assets ranging from one to 16 stories.
JLL’s Adam Schwartz, Jonathan Schwartz and Mark Fisher led the financing team.
“This was a can’t-miss lending opportunity with a competitive bid process,” said Adam Schwartz. “Suburban office campuses are providing experienced sponsors a smart place to find yield, and lenders are underwriting that sentiment.”
For comments, questions or concerns, please contact Dennis Kaiser</a
- ◦Sale/Acquisition
