HFF Closes Sale of 239 KSF Office Building in KC Area

The Keith Corp. sold Quintiles Building in Overland Park. The four-story property is in the city’s College Boulevard corridor.

The Quintiles Building in Overland Park, Kan.
The Quintiles Building in Overland Park, Kan.

HFF has completed the sale of Quintiles Building, a 239,366-square-foot, Class A office property in Overland Park’s College Boulevard corridor. The HFF team worked on behalf of the seller, The Keith Corp.

Located at 6700 W. 115th St., southeast of the intersection between College Boulevard and Metcalf Avenue, the property provides easy access to interstates 35 and 435.

QuintilesIMS, a company activating in the health-care industry, occupies most of the four-story building. The property was constructed in 2006 as a build-to-suit for Quintiles and the firm recently extended its lease for 176,839 square feet through 2023. Honeywell took occupancy of the remaining 62,527 square feet in June 2017. According to Yardi Matrix data, the property includes 1,413 parking spaces and is LEED Silver-certified.  

“Quintiles’ recent long-term recommitment to the property combined with Honeywell’s lease resulted in this fully leased building being especially well received by the investment market,” said HFF Senior Director Peter Merrion, in prepared remarks. Merrion and HFF Senior Managing Director Mark Katz teamed up with Managing Director Sean Fogarty, a licensed Kansas real estate broker, to close the deal.

At the end of last year, HFF secured $20.7 million in financing for 301 Midtown, an 184,055-square-foot office property in Charlotte’s Second Ward.

Image courtesy of Yardi Matrix