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.
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 GlobeSt.com 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).
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