Plaza Colonnade

Jones Lang LaSalle Americas ("JLL") is pleased to present the exclusive opportunity to acquire Plaza Colonnade (the "Building", "Property" or "Asset"), a premier 292,006 square foot ("SF") trophy asset consisting of a 284,154 SF office building and 7,852 SF of boutique jewel-box retail, ideally located in the heart of Kansas City's esteemed Country Club Plaza submarket. The Property is 92% leased across the office and retail components – trending to 94% leased with prospective leasing activity – and a weighted average lease term (“WALT”) of 7.3 years. The anchor tenant, Husch Blackwell, recently executed a 12-year renewal of their headquarters while allocating $15.5M ($164/SF) in out-of-pocket capital towards an extensive renovation of their space and extending the weighted average lease term of the three largest tenants to 9.5 years. Husch Blackwell’s tenant investment complements a comprehensive 2024 repositioning of the Property's common areas, which delivered an exclusive tenant lounge, a state-of-the-art fitness center, and a tech-enabled tenant conference facility.

Plaza Colonnade is one of only four trophy office buildings on the Country Club Plaza, a supply-constrained micro-market where competing assets operate at 98–100% occupancy, positioning the Property to quickly absorb its remaining availability. With below-market in-place rents offering 34–35% mark-to-market upside on its two largest tenants (Husch Blackwell & Five Elms) and new trophy construction requiring rents above $77/SF, the Property is well-positioned to capture sustained rent growth while benefiting from Kansas City's broader economic momentum, including over $5.8 billion in corporate investment since 2020.

Adjacent to the Property, the Kansas City Symphony is developing a $70 million live music venue that will draw touring artists and large-scale performances to the district, reinforcing South Plaza's standing as one of the city's premier mixed-use destinations. Ownership is in active negotiations with the Symphony for a parking rights agreement covering 600–900 spaces at Plaza Colonnade, representing $360K–$540K/year in incremental revenue on top of the added foot traffic and placemaking value the venue brings.