One of KC's Largest Office Buildings Changes Hands

KANSAS CITY, MO-Two Pershing Square, one of Kansas City’s largest multi-tenant office buildings, has been sold to a pension fund advised by TA Associates Realty. The building, which is nearly completely occupied, has more than 514,000 sf of space.

The property was sold by Trizec-Hahn Corp. It was the last holding in Kansas City for the Toronto-based company. Four years ago, the same pension fund purchased the sister building, One Pershing Square at 2301 Main St. Blue Cross and Blue Shield of Kansas City lease more than 160,000 sf in One Pershing Square and more than 120,000 sf in Two Pershing Square. Other large tenants in Two Pershing Square include the Blackwell Sanders Peper Martin law firm, which occupies 122,000 sf; HealthNet preferred provider organization, with 87,000 sf; and Birch Telecom Inc., with approximately 75,000 sf.