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The Quintiles Transnational Building Sells in Overland Park

TKC Trades 239,000-SF Office Bldg.
February 9, 2018
The Keith Corp. (TKC), a full-service commercial real estate firm founded in 1989 and headquartered in Charlotte, NC, sold the 239,366-square-foot Quintiles Transnational Building at 6700 W. 115th St. in Overland Park, KS to a private investor for an undisclosed price.

The four-story, Class B office building delivered in 2006 as a build-to-suit for QuintilesIMS, a company dedicated to using analytics and science to help healthcare stakeholders find better solutions for their patients, which renewed it’s 176,838-square-foot office lease through 2023. Honeywell Federal Manufacturing & Technologies occupies the remainder of the structure, which signed a 62,527-square-foot deal in January 2017, according to CoStar’s analytics.

Peter Merrion, vice president at HFF, said, "Quintiles’ recent long-term recommitment to the property combined with Honeywell’s lease resulted in this fully leased building being especially well received by the investment market."

Merrion, along with Mark Katz and Sean Fogarty, managing directors also with HFF, represented the seller.

Please see CoStar COMPS #4111066 for more information on this transaction.
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