CBRE awarded bulk of Corporate Woods property management portfolio

CBRE’s Property Management business line has been awarded a significant portfolio by New York-based real estate co-investment firm, Group RMC.

The 34-building office and retail portfolio totals 3.38 million SF across the Kansas City metro area.

The assignment contains three Group RMC sub-portfolios; the largest component of the portfolio is Corporate Woods, a premiere office park in Overland Park, KS with amenities including wooded walking trails, a wide selection of cafés and restaurants and electric vehicle charging stations. The complete portfolio includes:

• 2,167,784 SF in 22 buildings in Corporate Woods, Overland Park, KS

• 806,864 SF along College Boulevard, Overland Park, KS

• 397,627 SF in South Kansas City along Ward Parkway

The CBRE Property Management team of Cori McLain and Melissa Gray will be overseeing the assignment.

“We are thrilled to have the opportunity to service these best-in-class assets. CBRE has a complete spectrum of integrated services and an enterprising team that will be able to institutionally maintain these properties for years to come,” McLain said.

Group RMC currently oversees over 16.3 million SF representing over $2 billion in asset value in the U.S., principally in the midwest.

“I am consistently amazed at the world-class outcomes our Property Management team delivers to clients and this assignment speaks to that demonstrated success,” said Mike Klamm, CBRE Kansas City’s managing director.

CBRE assumed management of the properties effective October 1, 2019.

Kadean Construction awarded $17.7 million warehouse in KCI Intermodal BusinessCentre

Kadean Construction has been awarded a $17.7 million contract by developer Trammell Crow Company to construct LogisticsCentre V, a 542,640 SF warehouse/distribution building located in the KCI Intermodal BusinessCentre.

LogisticsCentre V will be a modern, cross-dock facility with three separate storefront entrances for multiple tenants and incorporate sustainable design construction features.

Kadean Construction previously built LogisticsCentre II, III and IV at the 687-acre distribution and logistics park adjacent to KCI Airport, and recently completed the tenant build-out of the 202,800 SF LogisticsCentre III.

“Like the other facilities we’ve built in the business park, LogisticsCentre V will have a structural steel frame, concrete tilt-up walls, a seven-inch thick reinforced concrete floor and a 36-foot clear height ceiling,” said Kadean vice president Austin Christensen.

“This building will also feature 98 dock positions, with 132 tractor and 324 car parking stalls. Earlier this year, we completed infrastructure work for this site, so we are pleased to be awarded the contract to construct LogisticsCentre V,” Christensen said.

Other project partners include M+H Architects, civil engineering firm Stock & Associates, CBRE and Clarion Partners.

Construction is scheduled to be complete in March 2020.

Avenue Logistics moves to KC Crossroads

Avenue Logistics, a Chicago-based freight brokerage logistics company, will soon be relocating from Overland Park, KS to the Crossroads in Kansas City, Missouri.

Avenue Logistics is the latest in a growing list of “new-to-downtown” companies attracted to developments like 3D Development, whose tenants include Hollis + Miller, Holmes Murphy, Card Connect, and WeWork.

The firm will be moving in the fourth quarter of 2019 into the recently completed historic renovation at 215 E 18th Street, now named 18McGee.

Formally known as the Interstate Securities Building, it was originally built in the 1950’s to finance automobile purchases in the automotive district in the Crossroads. After Interstate Securities, it was owned and operated by the Kansas City Star, which was headquartered across the street.

“When we were looking for our new offices, we wanted a vibrant environment that appeals to our team,” said Brad Jerwick, vice president at Avenue Logistics.

18McGee is part of a five-building renovation that includes the restoration and renovation of the Historic Kansas City Star properties. When finished, Grand Place will include a 30,000 SF European-style market, restaurants, coffee house, spa and approximately 250,000 SF of signature office space.

“With everything happening in the Crossroads and the renovation of this building and all the amenities planned across the street at Grand Place, we believe this is a strategic way to use real estate to attract and retain team members,” Jerwick said.

Joining Avenue Logistics at 18McGee is Working Spaces, an office interiors and contract furniture business with offices across the midwest. Working Spaces will use the entire first floor as a showroom and design studio.

The top floor at 18McGee is still available, with a total of 6,000 SF that can be divided in sections as small as 2,000 SF.

Among the amenities in the building is 3D Development’s signature roof top patio, which provides great views of Grand Place and downtown.

“The gravity of the Crossroads is moving east at a much quicker pace than we ever anticipated,” said Tim Schaffer, president of AREA Real Estate Advisors.

“The building is attracting interest because of its walkability to bars and restaurants that continue to proliferate East Crossroads; also (because of) the anticipated historic renovation of the Kansas City Star building and all the amenities that are planned for this block,” Schaffer said.

From offices to co-working spaces, restaurants and event spaces, 3D has attracted several new companies to the KC downtown market. Projects include On Broadway, The Creamery, Corrigan Station, 18 McGee and the historic renovation and repositioning of the former KC Star headquarters, now known as Grand Place.  To learn more visit: dream-design-develop.com.

Tutera completes $55 million rental-based senior living community

Tomorrow will mark the grand opening of Tiffany Springs Senior Living, a $55 million, luxury, rental-based community located at 9101 N. Ambassador Dr. in North Kansas City.

Unlike other senior living communities that require a buy-in or large upfront payment, Tiffany Springs, developed by Tutera Senior Living & Health Care, offers a rental-based option for seniors who want more choice and flexibility.

The new residential community is connected via breezeway to Tiffany Springs Rehabilitation & Health Care Center, which offers both short-term rehabilitation services and extended stays. Through these two facilities, Tiffany Springs residents are given priority access to a full continuum of care with a complement of post-acute health care services.

Tiffany Springs Senior Living Community comprises 289,000 SF; 261 total luxury apartment homes with three outdoor living spaces on 4.1 acres. Each one-bedroom, one-bedroom-plus-den and two-bedroom apartment home features high-end appliances, upscale finishes, high ceilings, balconies and large windows.

“With the completion of Assisted Living and Memory Care, we now have realized the vision we set out to achieve at Tiffany Springs - a comprehensive senior living community that allows our residents to age in beautiful, amenity-rich surroundings,” said Randy Bloom, Ph.D., president and chief operating officer for Tutera Senior Living & Health Care.

This month, Tiffany Springs Senior Living opened 89 memory care and assisted living residential units, supplementing the 172 independent living apartment homes that became available in July 2019.

Tiffany Springs meets the highest standards in senior living and wellness design, which include these diverse community amenities:

• Upscale day spa and salon; yoga studio

• Multiple dining venues, including private and outdoor dining spaces

• Healthy menu options made to order by in-house chefs

• Resort-style heated indoor wellness swimming pool

• Large outdoor courtyard with fire pit, outdoor seating and BBQ kitchen

• Art studio

• Theater room with surround sound

• Multiple lounges for entertaining and playing cards

• Chapel

• Dog park and dog washing station

• 24-hour security

• Senior-inspired technology with secure, controlled access

• Full interior and exterior maintenance of apartment homes

• Concierge and transportation services

• Fiber-based Wi-Fi throughout the community

• Convenient access to shopping district with diverse retail, restaurant and entertainment venues

Tutera's project team includes NSPJ Architects,, BHC RHODES and Luke Draily Construction Company.

Assisted living and memory care apartment homes are now available; independent living residential options opened in July.

The grand opening will take place tomorrow, Thursday, September 26, at 3 p.m. Tours will be available.

Klover Architects to relocate to The District at City Center Lenexa

Klover Architects, the firm behind the design of The District and the master plan of City Center Lenexa, will be relocating from 10955 Lowell in Overland Park to The District at City Center Lenexa this November.

Copaken Brooks announced Klover will lease 7,261 SF of the Penn III building.

“We’re very pleased to have Klover locate its headquarters in a signature development that they designed. This location in City Center Lenexa will certainly give them a competitive advantage to recruit and retain the best and brightest talent,” said Ryan Biery, senior vice president at Copaken Brooks.

The District at City Center Lenexa is located in the urban-suburban destination where retail, corporate, residential, civic and recreational interest have come together to create an experience unlike any other in the region.

“We’ve overseen The District’s design process, from preliminary city planning renderings through construction administration, and we couldn’t be more pleased with how it’s come to life,” said Henry Klover, founding principal and president of Klover.

When fully developed, City Center Lenexa will consist of more than 2 million SF, including civic components for the City of Lenexa, nearly 1 million SF of office and retail space and 375 residential units.

“It’s incredible what can be done when the industry’s best professionals unite to advance a shared vision for the community, and we’re thrilled to soon call this up-and-coming mixed-use development home,” said Klover.

Founded in 1990 by Henry Klover and Danny Potts, Klover is a full-service design firm specializing in retail, mixed-use, office, restaurant and hospitality markets. Registered in all 50 states and Washington, D.C., Klover prides itself on providing innovative design solutions for the real world.