Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.

Monday, June 9, 2014

BRES' Deal of the Week - Sale of a Leawood, Kansas Office Building

Grant Reves, Harry Drake, Kenneth G. Block, Aaron Mesmer, Brian Beggs and Dan Durkin from Block
2020 W. 89th Leawood Kansas - Deal of the week
Real Estate Services, LLC (BRES) all teamed up to complete the sale of a Class-A office building in Leawood, Kansas.

Details of the Deal:

Seller:  Piedmont Office Realty Trust
Buyer:  Local Investment Group
Location:  2020 W. 89th street in Leawood, Kansas
Square Footage: 68,378 SF
Sale Price: $5.8 Million

More Details of the Property:
Block Real Estate Services, LLC (BRES) had been retained as exclusive advisor and agent to sell the 100% fee simple interest in 2020 W. 89th Street, a 68,376 square foot, three-story office property that is well located in Kansas City’s most affluent suburb of Leawood.

The multi-tenant Property is currently 89% occupied by three tenants and represents an opportunity to acquire a stable asset with substantial potential for appreciation in Kansas City’s nationally recognized South Johnson County marketplace.

The Property is situated in the Ward Parkway Corridor but boasts a Leawood, Kansas address, which is Kansas City’s premier address and most affluent city in the Kansas City Metro area.

For Further Information on Commercial Real Estate Please Contact:
Grant Reves Block Real Estate Services

Grant Reves,
Investment Sales
Block Real Estate Services

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