Four join forces to launch Elevate Property Advisors

Four successful real estate professionals have joined forces to launch a new commercial brokerage company, Elevate Property Advisors.

The owners include Jeff Berg, Coleby Henzlik, Doug Henzlik and Jonny Lefko, who plan to leverage their 70-plus years of collective transactional experience to provide unparalleled market knowledge and service to commercial property owners, tenants and buyers throughout the midwest.

"Each of us worked together so well in various combinations, on a project-by-project basis. We thought that bringing everybody together on a day-in and day-out basis would be very rewarding," Berg said.

Berg and Doug Henzlik have developed and built several projects together over the past five years and just prior to the new venture, Henzlik added Berg on as a partner of his firm, Henzlik Real Estate Companies.

Berg brings more than 30 years of experience in acquiring, developing and marketing properties, and has worked with many of the nation’s top retailers to execute their market development and expansion plans.

Berg and Coleby Henzlik teamed on many tenant and landlord representation clients while working together at Colliers International. Lefko, who previously worked with Greenstone Partners as an investment sales specialist, has experience selling properties owned by Berg and Doug Henzlik.

"Through these projects, we found that we enjoyed working together, and our skill sets complimented each other. We thought it would provide a very dynamic synergy to formalize these working relationships with our own company," Berg said.

Coleby Henzlik has leased and sold some of the most notable retail projects in the Kansas City metro and will continue to represent class-leading retail buyers and tenants throughout the region.

Lefko will focus on the sale of investment properties, and has consummated more than $100 million in transactions over the last two years.

Elevate and Henzlik Real Estate will remain separate entities, but with shared projects and infrastructure ​to provide transactional and consulting services for leading retailers, as well as third-party commercial property owners and investors.

Henzlik Real Estate Companies will continue its core focus on investing in and developing commercial projects throughout the Midwest. In addition to its history of retail-focused land development and built-to-suit activities, the company has expanded into multi-family and mixed-use projects.

Elevate will be moving into their new building at 7121 W. 79th St. in Overland Park, Ks. this spring.

JPMorgan Chase will open full-service bank in former Dean & Deluca space

The former Dean & Deluca space at Town Center Plaza in Leawood, Kan. will find new life as a full-service retail bank, part of JPMorgan Chase's push into the Kansas City market and deeper into Bank of America markets.

The largest bank in the U.S. has signed a lease to expand into the 9,000-square foot former gourmet food purveyor located at the northwest corner of Roe Avenue and 119th Street. An exact opening date is unclear.

Scott K. Miller and Adam Blue of AREA Real Estate Advisors brokered the lease on behalf of the building's owner. The deal comes less than a year after the prime retail outparcel adjacent to Town Center Plaza hit the market.

"We had a lot of interest from premier retailers due to its high-profile location," Miller said. "Everything from restaurants to service retailers and soft goods retailers looked at the space. Ultimately the best fit for everybody ended up being JPMorgan Chase."

Jeff Berg and Coleby Henzlik of Colliers International represented JPMorgan Chase in the transaction.

Last week, JPMorgan Chase announced plans to open its first full-service Kansas City area locations in 2019, with up to 15 branches in the works, according to The Kansas City Business Journal.

Colliers International’s Deal of the Week

Cadast Investment Company sold a 49,931-square-foot retail building located at 6001-6201 Independence Ave. in Kansas City, Mo. The buyer, Gen X Echo B, was represented by Jeff Berg and Mark Arensberg of Colliers, while the seller was represented by Vic Cascio of Newmark Grubb Zimmer.