Will Koch Industries buy Corporate Woods?

Corporate Woods, the 22-building office park in Overland Park, may sell to a bidding group including Koch Industries of Wichita and Waterford Property Co. LLC of Mission.

The Kansas City Business Journal reported today that a joint-venture bid from Woodbury Corp. of Salt Lake City and Copaken Brooks of Kansas City apparently failed to reach a deal.

Sources speculated that the office park could sell for more than $300 million, or about half the price of the recently sold Country Club Plaza.

The office park, now owned by a partnership of CenterSquare Investment Management and Stoltz Real Estate Partners, has changed hands previously. It last sold for $290 million in 2006.

Koch Industries has been investing in commercial real estate for decades.

The Star

This story was originally published March 2, 2016 at 11:28 AM with the headline "Will Koch Industries buy Corporate Woods?."