KBS Real Estate Investment Trust III has sold Park Place Village, a nearly 500,000-square-foot mixed-use property in Leawood, Kansas, as the company faces mounting pressure to offload assets to meet debt obligations.
KBS sells suburban Kansas City mixed-use property amid loan pressures
Transaction part of broader strategy to manage liquidity needs through 2027
CoStar News
September 26, 2025 | 8:10 P.M.
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IN THIS ARTICLE
- Companies
- KBS REIT III, Inc.
Real Estate
- DFW Land Real Estate
Real Estate
- Contacts
- Marc DeLuca
CEO & Regional President, Eastern U.S., KBS
- Vijay Borra
Partner/ Chief Executive Officer, DFW Land Real Estate