Another five tenants are also in the building; HOK leases about81%, and the rest of the building is occupied. David Brown,president and CEO of ORIX, tells GlobeSt.com that the property wasa must-have on their list of priorities. "We have a number ofdifferent acquisition strategies, ranging from value-add,opportunistic to core, high-quality assets, and this one clearly isa high-quality, stabilized property in a strong market," hesays.

The three-story building has design features such asfloor-to-ceiling glass windows with exterior aluminum sunscreens,and also has a 388-space underground parking garage. Seller OpusEstates LLC bought the property in 2005 for $17.5 million,according to sources. Brown wouldn't comment on the lease rates,but the average lease rate for downtown is $19.18 per sf for classA office space.

Brown says his company has purchased a few other properties inthe Kansas City market recently. "I would say that we like certainmarkets in the Midwest for their stability and recent growth, suchas Kansas City, Chicago, Minneapolis and St. Louis," he says. Brownalso says while the acquisition market has been tough the past fewmonths, his company is actively seeking sales and developmentopportunities. The company is an all-cash buyer, and isn't affectedby the recent lending freeze, he says. "Our opportunity is about toget interesting," Brown says.