Two College Boulevard office buildings are sold
04/29/2014 11:00 AM
04/29/2014 5:33 PM
Two buildings in the College Boulevard corridor in Overland Park have been sold to a Chicago-based investment firm.
The Renaissance Office Park properties, totaling 293,872 square feet, were sold by an investment group represented by Copaken Brooks of Kansas City to CA Office. Terms of the sale were not released.
The transaction marks the first area purchase by CA Office.
“We regularly review holdings on behalf of owners we represent to ensure they meet their investment goals,” Keith Copaken, a principal with Copaken Brooks, said in a statement. “We determined that the time was right to do this deal.”
The two buildings sold are 85 percent occupied, the statement said. Tenants include Design Resources, Ketchum Directory Advertising and Marsh & McLennan Agency.
The seven-story Van Eyck building is on about eight acres at 7007 College Blvd. The seven-story del Sarto building is on 4.9 acres at 7015 College Blvd. The properties were marketed for sale by HFF.
Separate investment groups represented by Copaken Brooks still own the Renaissance III building and more than 35 acres of property. Renaissance III tenants include the Zurich insurance firm and Intouch Solutions, a pharmaceutical marketing agency.
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