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Sprint Seeks to Shrink Kansas City HQ Footprint in Sale-Leaseback

Sprint plans to unload its suburban Kansas City headquarters campus and lease back a portion of the four-million-square-foot property. Employees will be consolidated into fewer buildings at the Overland Park site, where it already leases out roughly one million square feet to other tenants. Sprint partially occupies 11 of the 17 office buildings on the campus.

The plan was shared by CEO Michel Combes in emails to employees and Kansas City leaders, according to the Kansas City Business Journal. He wrote, “Because we no longer need all our buildings, we are also exploring an option to sell the campus and lease back only the buildings we need. This would enable us to use the proceeds from the sale to reinvest in the spaces we do use.”

The company plans to make 6200 Sprint Parkway the “heart” of the campus, and involve WeWork in a renovation campaign that would also include an innovation hub.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.