DENVER–(BUSINESS WIRE)–$HF #CRE–HFF announces that it has closed the $118.25 million sale of Plaza
Vista, a 253,720-square-foot, Class A office tower in Kansas City,
Missouri.
HFF represented the seller, which is managed by an affiliate of EverWest
Real Estate Investors, and procured the buyer, Platform Ventures.
Completed in 2013, Plaza Vista is LEED certified and offers leading-edge
architectural and construction features along with efficient rectangular
floorplates, a glass façade, outdoor balconies, a best-in-class
conferencing center and board room, a catering kitchen and outdoor
terrace, underground parking and a premier fitness facility. The
10-story tower is fully leased and is anchored by Polsinelli, one of the
nation’s leading law firms. Retail tenants include Jax Fish House, JJ’s
and The Monarch Cocktail Bar and Lounge. Located at 900 West 48th
Street, the Polsinelli Headquarters is positioned in the Country Club
Plaza submarket of Kansas City, which has seen tremendous job and
population growth as well as infrastructure investment over the past few
years. The Country Club Plaza submarket comprises 15 blocks, which
include more than 100 high-end shops, 30 restaurants and a wide variety
of entertainment venues with more than 20 million visitors nationally.
Additionally, Plaza Vista is close to the affluent residential
neighborhoods of Mission Hills, Sunset Hill and South Plaza that boast
average home prices from $645,000 to more than $1.6 million.
The HFF investment advisory team representing the seller included senior
managing directors Mark Katz and Danny Kaufman and senior director Peter
Merrion.
“Plaza Vista was a rare offering that garnered substantial investor
interest,” said Merrion. “It is a truly unbelievable trophy building
anchored by one of the nation’s leading law firms and situated in the
heart of the incredibly dynamic Country Club Plaza market.”
Holliday GP Corp. (“HFF”) is a Missouri licensed real estate broker.
About EverWest Real Estate Partners
EverWest Real Estate Partners, LLC, headquartered in Denver, Colorado,
is a privately held real estate investment management and operating
company, creating significant capital appreciation for investors through
strategic acquisition, development, capitalization, repositioning and
management of commercial real estate assets. For more information, visit www.everwest.com.
About Platform Ventures
Platform Ventures was formed in 2008 by brothers Ryan and Terry
Anderson. The firm currently has more than $1.4 billion in assets under
management. For more information, please visit: www.platformv.com.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading
provider of commercial real estate and capital markets services to the
global commercial real estate industry. HFF, together with its
affiliates, offers clients a fully integrated capital markets platform,
including debt placement, investment advisory, equity placement, funds
marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities
Limited are owned by HFF, Inc. (NYSE: HF). For more information, please
visit hfflp.com
or follow HFF on Twitter @HFF.
Contacts
MARK KATZ
HFF Senior Managing Director
(303) 515-8000
[email protected]
DANNY KAUFMAN
MO Lic. #2012028715
HFF Senior Managing
Director
(312) 528-3650
[email protected]
KRISTEN MURPHY
HFF Director, Public Relations
(617)
338-0990
[email protected]
