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When Zimmer Vice Presidents Debora Field and Mary Riley-Cheek listed the office building at 8455 College Blvd. in Overland Park, KS for sale and began to conduct tour, the pair quickly came to the conclusion the south side of the building was in need of a face lift and hired an architect to design a new facade. The decision paid off as the two were quickly rewarded when a prospect represented by Debora and Devin Schuster decided to take a second look after seeing the new design. An offer was made and after some negotiation, a deal was struck.
The building, which had been on the market for three years before Zimmer took on the listing, was purchased by Continental Title after six months of marketing by the Zimmer team. |
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Missouri Development Finance Board seeks to reverse blight
The Missouri Development Finance Board has approved a $4.3 million tax credit for the City of Kansas City, Mo., to assist in redevelopment and blight removal of a portion of the Beacon Hill neighborhood.
 Hugh Zimmer, manager of Beacon Hill Developers, said redevelopment of the Beacon Hill area has been a priority of Kansas City, Mo., for the last 10 years. Beacon Hill Developers, the city's designated master developer for the area, is an entity comprised of Zimmer Real Estate Services, Dunn Realty, Inc., and Taliaferro & Browne Real Estate.
The MDFB grant is designed to assist the potential development of a student housing project near the University of Missouri - Kansas City Hospital Hill Campus, which may be located on the potential site at the southeast corner of 24th Street and Troost Avenue. The University of Missouri System is continuing to evaluate the project, and any involvement by UMKC or the UM System must follow its approval process, including approval by the Board of Curators.
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 "Improvements made to change the 185-mile stretch of US 71 to Interstate 49 make the route between Kansas City and southern destinations less restrictive for supply chain managers to place Kansas City in their business supply chain," said Zimmer Real Estate Services Senior Vice President-Principal Mark Long, SIOR, CCIM, LEED AP. "At CenterPoint Intermodal Center-Kansas City, we have a unique convergence of a brand new intermodal rail operation and a new Interstate designation combined with an affordable workforce and vertical-ready sites. All of this leads to an environment that will promote development for years to come."
About CenterPoint Intermodal Center-Kansas City: CenterPoint Intermodal Center-Kansas City is the most significant and exciting industrial park development in the Kansas City region. This 1,340-acre development includes a 1,000-acre Industrial Park located directly adjacent to the Kansas City Southern Intermodal Facility. With infrastructure in place, these sites are build-ready for facilities up to 1+ million square feet. The park takes advantage of Kansas City's prime location in the middle of the country's logistics industry. Considered No. 2 in rail and No. 3 in trucking nationally, Kansas City is truly the gateway to North America. At the geographic center of the country, it provides single-day truck access to nearly every major Midwestern market. Kansas City also boasts more freeway-lane miles per capita than any other U.S. city, with four intersecting interstates (I-29, I-35, I-70 and I-49).
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