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| Rendering of planned Lenexa Distribution Center, Lenaxa, KS |
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| 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
Director
HFF | One
Post Office Square, Suite 3500 | Boston, MA 02109
Main:
617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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