HFF Closes $118.25M Sale of Plaza Vista in Kansas City

Jun 04, 2019 06:30 am
DENVER -- 

HFF announces that it 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.”

Holliday GP Corp. ("HFF") is a Missouri licensed real estate broker.

About EverWest Real Estate Partners

EverWest Real Estate Partners, LLC, headquartered in Denver, Colorado, is a privately held real estate investment management and operating company, creating significant capital appreciation for investors through strategic acquisition, development, capitalization, repositioning and management of commercial real estate assets. For more information, visit www.everwest.com.

About Platform Ventures

Platform Ventures was formed in 2008 by brothers Ryan and Terry Anderson. The firm currently has more than $1.4 billion in assets under management. For more information, please visit: www.platformv.com.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

MARK KATZ
HFF Senior Managing Director
(303) 515-8000
mkatz@hfflp.com

DANNY KAUFMAN
MO Lic. #2012028715
HFF Senior Managing Director
(312) 528-3650
dkaufman@hfflp.com

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com