Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Northmarq Closes Sale of KC-Area Apartments
Northmarq’s Kansas City-based managing director Jeff Lamott and SVP Gabe Tova finalized the $10- million sale of Antioch Crossing. Built in 1968, the 90-unit/tree-story multifamily property is located at 8710 W. 106th Terr. in Overland Park, KS.
Lamott and Tova represented the seller, Worcester Investments, in the sale. Northmarq’s Kansas City debt/equity team of Greg Duvall and John Duvall negotiated acquisition financing for the buyer, Balfour Real Estate, through their relationship with an agency lender.
“Antioch Crossing is located at one of the most sought-after submarkets in the metro, Overland Park,” said Lamott. “Our buyer was intrigued by the long-term viability of the location and proven value-add opportunity to renovate 86% of the units that featured very dated interior finishes.”
Antioch Crossing lies 10 miles south of downtown Kansas City. Residents have accessibility to both the surrounding city and local entertainment.
- ◦Sale/Acquisition


