Historic Downtown Kansas City Landmark Sold by IPA for $50.3 Million
Retrieved on:
Wednesday, January 23, 2019
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of 909 Walnut, a 34-story Art Deco-Gothic Revival-style building in Downtown Kansas City, Missouri.
Key Points:
- Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of 909 Walnut, a 34-story Art Deco-Gothic Revival-style building in Downtown Kansas City, Missouri.
- The asset sold for $50.3 million and includes an eight-story office building and adjacent parking garage.
- Burkons, Michael Barron and Joshua Wintermute, IPA senior directors, and Max Helgeson of IPA represented the seller, a Dallas-based private investor.
- The building is centrally located in Kansas Citys main business area between the historic riverfront River Market and the Power & Light District.