JLL Capital Markets experts completed the $22.8 million sale of Executive Centre I, II & III, a three-building office park situated on 14.1 acres and totaling 222,426 square feet in Overland Park, Kansas. The buyer was Kansas City-based Brain Group. Managing Director Steven Buss handled the sale on behalf of Minneapolis-based Onward Investors. Executive Centre I, II &; III is 81 percent occupied with 93,000 square feet of new leases in the last 24 months. The buildings were constructed between 1981 and 1983 and benefited from a 2016 renovation including upgraded common areas and amenity spaces, new landscaping and signage, and a new 1,153-square-foot fitness center.
“Executive Centre has a prime location at I-435 and Metcalf in the market-leading College Boulevard submarket,” said Buss. “The new owner has opportunity to capitalize on the recent renovations and leasing momentum to bring the property to a stabilized occupancy.”