KANSAS CITY-Office space at the 32-story, previously long-vacant 911 Walnut are going for $7 per sf, about half the going rate for Class B Downtown space. The deal is in effect for tenants who sign by June 1.
Simbol bought the property last year and last month announced plans to spend more than $9 million in renovations. The 32-story, twins-spired building was home to federal government offices for many years, but had sat vacant since the mid 1990s until the Simbol purchase.
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Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
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