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Monday, November 23, 2015
Block Real Estate Services Now Offering Kansas City Public Schools HQ, 1211 McGee, For Sale for Redevelopment

  

Kansas City, Missouri --- November 23, 2015 --- Kansas City Public Schools (KCPS) has announced that it has entered into a sales contract with the Nazarene Publishing House to purchase several buildings located at 29th & Troost.  The relocation is part of a plan to consolidate the KCPS headquarters and MOSE (Maintenance, Operations, Security & Engineering) facilities from two facilities into one, providing improved access for KCPS families while also significantly reducing operating costs, freeing up additional funds that can be reallocated to student programs.  The Nazarene facility was selected for its central location within the KCPS boundaries, easy access to public transportation, energy efficiency, and the ability to meet many of the unique needs of KCPS, including office and warehouse space, public and board meeting spaces.  The move is expected to result in significant savings to KCPS in the form of reduced utility and facilities’ costs.

The move allows KCPS to dispose of its current, 11-story headquarters building at 1211 McGee totaling 261,800 square feet.  KCPS previously sold its maintenance facilities at 800 E. 21st Street and 2101 Charlotte totaling 98,100 square feet.  Overall, the move reduces the KCPS headquarters and MOSE footprint from 359,900 square feet to 107,915 square feet, a reduction of 251,985 square feet, or 70.0%.

Al Tunis, Interim Superintendent for KCPS, said, “This move would allow us to reduce overhead costs, allowing more resources to flow into the classroom, while also making our central office more accessible to our families. We hope that by bringing more than 200 new employees to the Troost Corridor, we can also serve as a catalyst for additional development in the area.”

KCPS is currently conducting due diligence on the Nazarene Publishing House facilities, which includes getting feedback from KCPS families at a public meeting to be held on December 16 at 5:30pm at 1211 McGee in the Small Auditorium.

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Block Real Estate Services, LLC (BRES) announced today that it is now offering for sale the Kansas City Public Schools (KCPS) headquarters located at 1211 McGee.  The site includes an 11-story, 261,800 square foot office building as well as a 246 space parking garage.  The site totals 112,172 square feet, or 2.58 acres, and represents a unique opportunity to acquire an entire city block in booming downtown Kansas City. 

1211 McGee, which is located immediately north of the Sprint Center and one block east of the Power & Light District, is expected to attract interest from local, regional and national developers.  BRES expects to receive proposals from developers seeking to demolish the existing structure and build new as well as those seeking to redevelop the existing facilities.

Close to the Power and Light District, this property is an excellent investment and redevelopment opportunity.  Those interested in more information regarding this opportunity should contact Aaron M. Mesmer at 816.412.5858 or Matthew L. Levi at 913.932.5539. “The possibilities for this property are truly limitless.” Aaron Mesmer, Investment Sales Associate at Block Real Estate Services, said, “The location is in the center of all the downtown activity, and the timing with the streetcar coming online is terrific.”

Block Real Estate Services, LLC (BRES) is a full-service commercial real estate company managing over 34 million square feet of retail, office, industrial, and multifamily properties for equity partnerships and third party owners. BRES’s portfolio of services continues its role as the most comprehensive commercial real estate firm in Kansas City by providing and specializing in: real estate brokerage services, tenant representation, investment services, asset and property management, economic incentives consultation, financial services, construction and development services, and the Block Funds.

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Tags:    Aaron Mesmer   Matt Levi   Surplus Kansas City Schools