Park Place Village
NEC 117th Street & Nall Avenue, Leawood, KS 66211
Park Place Village is a multi-tenant, mixed-use office and retail property located in Kansas City’s South Johnson County submarket. The property includes 10 buildings that were developed in phases starting in 2007 and completed in 2013. Park Place Village includes a dynamic mix of tenants and offers many amenities including boutique shops, upscale restaurants and cafés. The surrounding area features parking garages, the Aloft Hotel, 120 apartments, 30 townhouses and 27 lofts.
With its integration of office, retail and residential space, Park Place Village offers a highly walkable live-work-play environment that is very attractive to today’s tenants. Future planned phases of development for the surrounding area include another hotel and additional multifamily rental housing. The lifestyle available to tenants at Park Place Village is unique for this Kansas City submarket.
Investment at a Glance
Location: Leawood, KS
Property Type: Class A Office/Retail
Acquisition Date: June 18, 2015
Purchase Price: $126,500,000
No. of Buildings: 10
No. of Stories: 1-4
Square Footage: 372,201 SF Office
Square Footage: 110,918 SF Retail
Year Built: 2007-2013
Leased Percentage (at the time of Acquisition): 96.2%
Site Size: 17.13 Acres