Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of the Quintiles Building, a 239,366-square-foot, Class A office building in Overland Park’s highly desirable College Boulevard corridor.
The HFF team marketed the asset on behalf of the seller, The Keith Corporation (TKC).
The Quintiles Building serves as a mission-critical facility for QuintilesIMS (NYSE: Q), a worldwide leader in integrated information and technology-enabled healthcare. Originally constructed in 2006 as a build-to-suit for Quintiles, the company recently extended its lease for 176,839 square feet through 2023. In addition, Honeywell (NYSE: HON) took occupancy of the remaining 62,527 square feet in June 2017. The four-story building is located at 6700 W. 115th Street just southeast of the intersection of College Boulevard and Metcalf Avenue. The Quintiles Building is also convenient to Interstates 435 and 35 providing access to the Overland Park area, downtown Kansas City and the entire metropolitan region.
The HFF investment advisory team included senior managing director Mark Katz and senior director Peter Merrion along with managing director Sean Fogarty, a licensed Kansas real estate broker.
“Since TKC developed the building in 2006, the Quintiles Building has been one of the top assets in the Overland Park market,” Merrion said. “Quintiles’ recent long-term recommitment to the property combined with Honeywell’s lease resulted in this fully leased building being especially well received by the investment market.
About The Keith Corporation
The Keith Corporation is a full-service commercial real estate firm headquartered in Charlotte, North Carolina. Founded in 1989, TKC cultivates trust and communication with its clients by creating a fully customized approach to building their ideal product. TKC product types range from single-tenant retail to high-rise office buildings to industrial warehouses, manufacturing facilities, and state-of-the-art healthcare projects. TKC has completed projects in every region of the United States, as well as in Canada, Mexico and the United Kingdom.
About HFF
HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
