Park Place Village

NEC 117th Street & Nall Avenue, Leawood, KS 66211

Property Overview

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

$126,500,000 Total Purchase Price
483,119 square feet Total Rentable Area
Class A Building Class