Leawood, Kan. — KBS has sold Park Place Village, a 10-building, 484,980-square-foot office and retail property in the Kansas City suburb of Leawood. DFW Land was the buyer.
Park Place Village was owned by KBS Real Estate Investment Trust III and purchased in 2015. Developed in phases between 2007 and 2013, the property features retail including boutique shops and upscale restaurants. The property was also fully leased at the time of sale.
Derek Fohl and Gary Carr of Newmark represented KBS in the sale. Additional team members involved in the transaction include Jim Postweiler, Peter Harwood, Jack Trager, Jake Paschen, Robert Hill, Chris Murphy and Austin Sheehan. Attorneys Bruce Fischer and Howard Chu, along with paralegal Amanda Kennedy of Greenberg Traurig LLP, represented KBS as legal counsel in the sale.