Saturday, January 20, 2018

HFF announces sale of the Quintiles Building in Overland Park, KS

Rendering of the Quintiles Office Building, College Boulevard Corridor, Overland Park, KS

Mark Katz

DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of the Quintiles Building, a 239,366-square-foot, Class A office building in Overland Park’s highly desirable College Boulevard corridor.

The HFF team marketed the asset on behalf of the seller, The Keith Corporation (TKC).

The Quintiles Building serves as a mission-critical facility for QuintilesIMS (NYSE: Q), a worldwide leader in integrated information and technology-enabled healthcare.

 Originally constructed in 2006 as a build-to-suit for Quintiles, the company recently extended its lease for 176,839 square feet through 2023.  In addition, Honeywell (NYSE: HON) took occupancy of the remaining 62,527 square feet in June 2017.

 The four-story building is located at 6700 W. 115th Street just southeast of the intersection of College Boulevard and Metcalf Avenue. The Quintiles Building is also convenient to Interstates 435 and 35 providing access to the Overland Park area, downtown Kansas City and the entire metropolitan region.

The HFF investment advisory team included senior managing director Mark Katz and senior director Peter Merrion along with managing director Sean Fogarty, a licensed Kansas real estate broker.

Peter Merrion
“Since TKC developed the building in 2006, the Quintiles Building has been one of the top assets in the Overland Park market,” Merrion said. 

  “Quintiles’ recent long-term recommitment to the property combined with Honeywell’s lease resulted in this fully leased building being especially well received by the investment market.

For more information on this release, please contact:

HFF Public Relations Specialist
(713) 852-3500

No comments: