
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.
- ◦Acquisition