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California Investor Acquires Historic Apartment Building for $20.5 Million

Newcomer Hopes To Add 400 to 500 More Multifamily Units to Its Kansas City Portfolio
When Lucas Place, a former factory, was converted into apartments in the 2010s the developer set off a multistory interior atrium in the building with a $145,000 floating light sculpture called "Falling Sticks."  (CoStar)
When Lucas Place, a former factory, was converted into apartments in the 2010s the developer set off a multistory interior atrium in the building with a $145,000 floating light sculpture called "Falling Sticks." (CoStar)
By Margaret Sutherland, CoStar News Staff
May 11, 2022 | 11:01 P.M.

An Oakland, California-based company called Madison Park Financial has taken ownership of Lucas Place Lofts, an ornately-decorated, eight-story apartment building in Kansas City's Garment District that is over 100 years old.

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