Onward Investors Acquires 220,000-Square-Foot Executive Centre Office Complex in Overland Park, Kan.

KANSAS CITY (October 2015) – Onward Investors, a national commercial real estate investment and development firm, has acquired Executive Centre, a three-building, 220,000-square-foot office complex located on I-435, 12 miles west of downtown Kansas City in Overland Park, Kan.

Minneapolis-based Onward Investors, which acquires value-add properties in recovering markets throughout the U.S., resolves complex issues to stabilize the properties and drive value for investors.
Onward Investors purchased Executive Centre for $13.2 million. The company plans to continue to own and stabilize the property, and improve the building’s exterior and interior aesthetics.

The property currently features a strong occupancy of over 85 percent and includes major tenants such as UPS and Federated Insurance.

“Executive Centre presented Onward with a timely opportunity to purchase three quality office buildings located in Kansas City’s top-performing office submarket,” said Scott Schmitt, director of acquisitions and development for Onward Investors. “It’s an extraordinary property in a superior area.” The office complex’s prime location along I-435 provides convenient access to several major interstates and highways and is surrounded by best-in-class restaurants, shopping and hotels.

Executive Centre is comprised of two three-story office buildings with underground and surface parking and one two-story office building with surface parking. Each building features two-story lobbies with an abundance of natural light and high-quality finishes. In addition, the property is complimented with mature landscaping and an attractive park-like setting.

Capital improvements have included numerous HVAC upgrades and recently replaced roofs. In recognition of its superior operating efficiencies, Building III recently received the U.S. Environmental Protection Agency’s coveted ENERGY STAR® label—a prestigious award reserved for the nation’s top performing buildings.

Located at 10881-10901 Lowell Avenue in Overland Park, Executive Centre’s complex includes Buildings I and II (each approximately 93,000 square feet); and Building III (approximately 34,000 square feet).

Overland Park is highly regarded for its premier residential communities, first-class shopping, dining and entertainment, highly rated public schools, and an outstanding quality of life. The city has been rated by CNN Money Magazine for three consecutive years as one of the “Top 10 Places to Live in America.

About Onward Investors
Based in Minneapolis, Minn., Onward Investors LLC is a privately held commercial real estate investment and development firm that acquires and improves value-add properties in recovering markets for its investors. Since its inception in 2011, the firm has acquired more than 2 1/2 million square feet of commercial properties across the United States. www.OnwardInvestors.com