Minneapolis-based SR Realty Trust has acquired a 100% leased multi-tenant distribution warehouse property at 14100 Botts Rd. in the southern Kansas City suburb of Grandview, MO. Deal terms weren’t disclosed.
The 500,000-square-foot building is home to Corbion, Church & Dwight and Winco. The facility was built on a 39-acre site in 1997, and features 35-foot clear height, 60 dock doors and two drive-ins.
As part of the transaction, SR Realty Trust facilitated 1031 exchanges for seven investors.
Evan Richardson, the firm’s VP—capital markets, said, “As SR Realty Trust looks to further diversify into selected markets in the Upper Midwest, we are pleased to have closed on the REIT’s second acquisition in Kansas City in the past six months.”
The company acquired Executive Park, a 173,000-square-foot, multi-tenant in Kansas City, MO’s Northland/Executive industrial submarket, last fall. It paid $11.25 million for the property.
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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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