Kansas City’s latest high-rise deal

Hines REIT sinks cash into 2555 Grand

Hines REIT recently acquired a 24-story, Kansas City, Mo., office building for an undisclosed price. Sold by Crown Center Redevelopment Corp., the class A property at 2555 Grand comprises 595,600 square feet of space. It is situated on a 1.95-acre site in the Crown Center submarket. Completed in 2003, the building offers direct vehicle and pedestrian access via a connected underground tunnel, as parking for 2,716 vehicles is provided in a nine-level, semi-enclosed garage located on an adjacent block. At the time of purchase, the property was 100 percent leased to international law firm Shook, Hardy & Bacon LLP, which is occupying the space as its world headquarters through February 2024.*** What's your opinion? Leave your comments below or send a letter to the editor. ...

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