Newmark has assisted KBS in the $100 million sale and DFW Land in arranging a $62 million acquisition loan for Park Place Village, a 10-building, 480,000-square-foot trophy office and retail property in Leawood, Kansas, a suburb of Kansas City.
Park Place Village is a mixed-use campus completed in phases from 2007 to 2013. Newmark’s Chicago and Dallas Capital Markets teams, led by Senior Managing Director Derek Fohl and Vice Chairman Gary Carr, respectively, cooperated with local licensees to represent seller KBS in the transaction, with support from Executive Managing Director Jim Postweiler, Senior Managing Director Peter Harwood, Associate Director Jack Trager, Vice Chairmen Robert Hill and Chris Murphy and Director Austin Sheahan. Associate Jake Paschen provided analytical support for the transaction.
Senior Managing Director Ari Schwartzbard and Executive Managing Director Bill Weber arranged the acquisition financing on behalf of buyer, DFW Land. Executive Managing Director Henry Stimler provided additional support in the financing.
The post Newmark Arranges $100 Sale, $62M Financing of Suburban KC Multifamily appeared first on Connect CRE.
​Â