Southcreek Corporate Center II, 13160 Foster, Overland Park, Kan.
A trio of Block Real Estate Services brokers recently negotiated the sale of the fully leased Southcreek Corporate Center II, located at 13160 Foster in Overland Park. The new owner is an out-of-town investor, BRES says.
Bruce Johnson, Max Wasserstrom, and Harry Drake represented the owner, Starwood Capital, in the sale of the 55,779-square-foot Class B office building.
Wasserstrom says the interest from both local and out-of-town investors demonstrates current investor appetite for high quality, well-located assets.
Johnson and Wasserstrom know the property well. Over the past two years, the duo led efforts to completely re-tenant the building following Starwood Capital's 2014 purchase of the building. Now, thanks to this deal, they're seeing the complete evolution of the building.
"Max Wasserstrom and I are proud to have had the opportunity to represent Starwood Capital on the transaction," Johnson said. "It was very rewarding to see the asset completely through from 100 percent lease-up to disposition."
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