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Tuesday, August 6, 2019
Faith Technologies adds Olathe office with potential for 800 jobs


By Miranda Davis

Source: https://www.bizjournals.com/kansascity/news/2019/08/06/excellerate-manufacturing-faith-technologies-olath.html?iana=hpmvp_kan_news_headline

Faith Technologies bought the former PacSun warehouse building from an investment group led by Block Real Estate Services LLC. BRES Managing Principal Ken Block represented the seller in the transaction along with Michael BlockAndrew Block and Brian Beggs.  

Ken Block said the location offers a lot of expansion options for Faith, with an ability to build not only another warehouse facility on the acreage but also an additional office building along Lone Elm Road, should the company need it.

Block told the Kansas City Business Journal that the deal was complex in nature, given the moving parts between the termination of PacSun's lease and the confidentiality of the Faith Technologies deal, but the companies' prior relationship made the difference in finding a suitable buyer.

Full Article: https://www.bizjournals.com/kansascity/news/2019/08/06/excellerate-manufacturing-faith-technologies-olath.html?iana=hpmvp_kan_news_headline

Tags:    Kenneth G. Block   Michael Block   Brian Beggs   Kansas City Commercial Real Estate   Block Real Estate Services   Commercial Real Estate   KC Industrial   Commercial industrial real estate   Investment real estate   BRES