Friday, April 15, 2016

HFF arranges joint venture equity for industrial development near Kansas City, KS

Rendering of planned Lenexa Distribution Center, Lenaxa, KS

Jody Thornton
DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced its Dallas industrial team has arranged joint venture equity for the development of a to-be-built, 630,000-square-foot, Class A, spec distribution center in the Kansas City suburb of Lenexa, Kansas.  The newly formed venture also acquired an adjacent land parcel for future development.

HFF worked on behalf of the developer, Block Real Estate Services, LLC, to arrange the joint venture partnership with an institutional partner.

The property is located between Olathe and Kansas City in the South Johnson County submarket.  The property has access to Interstates 35 and 435 and State Road 10, each being approximately one to two miles from the subject property.  The one-story building will be completed in 2017. 

The HFF equity placement team representing the developer was led by executive managing director Jody Thornton and managing director Adam Herrin.

“Block Real Estate Services is proud to leverage its local and deep knowledge as well as its client and brokerage relationships to ensure a truly successful project in the already-booming Kansas City industrial market,” said Kenneth G. Block, managing principal of Block Real Estate Services LLC.

According to HFF, “Continuing the trend of the past decade, the South Johnson County industrial submarket has remained the most stable and now has potentially become the most important industrial submarket in the region.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |