Platform Ventures Buys Plaza Vista in Kansas City for $118.25M

HFF closes $118.25M sale of Plaza Vista in Kansas City
Plaza Vista

June 4, 2019 – HFF announces that is has closed the $118.25 million sale of Plaza Vista, a 253,720-square-foot, Class A office tower in Kansas City, Missouri.

HFF represented the seller, which is managed by an affiliate of EverWest Real Estate Investors, and procured the buyer, Platform Ventures.

Completed in 2013, Plaza Vista is LEED certified and offers leading-edge architectural and construction features along with efficient rectangular floorplates, a glass façade, outdoor balconies, a best-in-class conferencing center and board room, a catering kitchen and outdoor terrace, underground parking and a premier fitness facility. The 10-story tower is fully leased and is anchored by Polsinelli, one of the nation’s leading law firms. Retail tenants include Jax Fish House, JJ’s and The Monarch Cocktail Bar and Lounge. Located at 900 West 48th Street, the Polsinelli Headquarters is positioned in the Country Club Plaza submarket of Kansas City, which has seen tremendous job and population growth as well as infrastructure investment over the past few years. The Country Club Plaza submarket comprises 15 blocks, which include more than 100 high-end shops, 30 restaurants and a wide variety of entertainment venues with more than 20 million visitors nationally. Additionally, Plaza Vista is close to the affluent residential neighborhoods of Mission Hills, Sunset Hill and South Plaza that boast average home prices from $645,000 to more than $1.6 million.

The HFF investment advisory team representing the seller included senior managing directors Mark Katz and Danny Kaufman and senior director Peter Merrion.

“Plaza Vista was a rare offering that garnered substantial investor interest,” said Merrion. “It is a truly unbelievable trophy building anchored by one of the nation’s leading law firms and situated in the heart of the incredibly dynamic Country Club Plaza market.”

 

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AcquisitionCommercialDealsKansas CityMidwestNationalOffice

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