3/4/2008

Hines Interests pays $155M for Crown Center in Kansas City

by

Crown Center

Hines Interests has purchased the Crown Center in Kansas City, Mo., for $155.8 million from Crown Center Redevelopment Corp., a subsidiary of Hallmark Cards, Inc.

The deal was brokered by associates from CB Richard Ellis.

The Crown Center is located at 2555 Grand Ave., and contains 682,000 square feet of rentable space. It is currently occupied by Kansas City law firm Shook Hardy & Bacon. The 24-story tower sold for $230 per square foot.

This purchase marks the second foray into the Crown Center vicinity for Hines. In April 2004, the Texas-based firm purchased 2345 Grand Ave., a 60,000 square foot office tower designed by renowned architect Mies van der Rohe.

Address: 2555 Grand Ave., Kansas City, Mo.

Size: 682,000 square feet

---

Filed Under: Office

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the characters in the image above:

Related Headlines

• Colliers International welcomes three brokers in California - 5/29/2009
• Texas hotel sells for $4.275M - 5/29/2009
• Massey Knakal lists NoHo retail building for $5.95M - 5/29/2009
• California industrial building sells for nearly $3 million - 5/29/2009
• NAI facilitates sale of Alaska mixed-use building - 5/28/2009
• Long Beach retail center commands $6.05M - 5/28/2009
• Florida land fetches $2.725M - 5/28/2009
• Marcus & Millichap list Virginia retail store for more than $10.2M - 5/28/2009
• Colliers Arnold stays busy in Tampa - 5/27/2009
• Colliers sells two buildings in California - 5/27/2009