DTZ Brokers Sell for 85,000 SF Office Building in Overland Park
August 31, 2015
Ted Greene Co. sold the 9800 Metcalf Ave. in Overland Park, KS to Odyssey Real Estate Capital for $5 million, or approximately $58 per square foot.
The 85,000-square-foot, five-story office building was constructed in 1971 in the Northeast Johnson County submarket of Kansas City. The building is 50% percent occupied by Penton Media Inc. The buyer owns multiple related companies that will occupy more than 27,000 square feet after undergoing renovation.
Suzanne Dimmel, Michael Posten, and R.J Trowbridge of DTZ brokered the sale on behalf of Ted Greene Co.
Please see CoStar Comp #3372481 for more information on the transaction.
Original story: http://www.costar.com/News/Article/Odyssey-Real-Estate-Acquires-Penton-Media-Bldg-for-$5-Million/174925