Connect Midwest: Multifamily Adaptive & Reuse Trends – Chicago June 13

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Chicago & Midwest  + Midwest  + Industrial  | 

SparrowHawk Enters Kansas City Industrial Market

Houston-based SparrowHawk LLC has acquired College and Renner Business Center, a four-building, 226,009-square-foot light industrial portfolio in Lenexa, KS, within Kansas City’s Johnson County industrial submarket.
John Huguenard and Ed Halaburt with JLL Capital Markets team marketed the portfolio on behalf of BentallGreenOak, the seller. Financial terms weren’t disclosed.

“We’ve been paying very close attention to the Kansas City marketplace, an area we believe to be a growing industrial market because of its central location, and are glad to expand our national portfolio there,” said Alfredo Gutierrez, SparrowHawk’s founder. “This four-building asset, in a great location and with a diverse roster of tenants, is prototypical of what we look for when entering and building a presence in a new market.”

At acquisition, the property was 91% leased to tenants that include GEICO, CVS Caremark, Mortgage Residential Center, SAFC BioSciences and US Foods.


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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).

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