The property consists of a six-story office building, a fewtwo-story and three-story office buildings, and a couple retailoutbuildings that includes a Red Robin restaurant. Most of thevacancy is in the office space, says Gibson Kerr with Sperry VanNess in Kansas City, MO, who represented SVN. There's only a coupleof vacancies in the retail space, he tells GlobeSt.com.

"What happened here, the office space was 100% leased to Spring,but then they built a four million sf campus in Overland Park andbailed out of this building and a bunch of other buildings," Kerrsays. "This was right after Sept. 11, and the dot-com implosion.The vacancy rate skyrocketed here and the market nosedived, andthis complex was one of the victims. It was foreclosed on, and heldby the lender for the last couple of years."

He says SVN bought the complex as a value-add property. "Theproperty is right for a turnaround," Kerr says.