Colliers has completed the sale of 2323 Grand Boulevard, a 321,000-square-foot office building in the Crown Center submarket of Kansas City. The transaction involved the transfer of the 11-story property from Stanton Road Capital, LLC to Crain Company, which is based in Wichita and focuses on multifamily acquisition and development.
Senior Vice President Evan Warwick of Colliers represented the seller, while Principal Bryan Johnson of Colliers represented the buyer in the transaction. Their roles encompassed advising their respective clients through the marketing and negotiation process that led to the change of ownership at the property.
The office building at 2323 Grand Boulevard was originally developed in 1985. Stanton Road Capital acquired the asset in 2017, holding it for nearly a decade before executing this sale. During that time, the property remained part of a well-established commercial corridor in the Crown Center area, benefitting from the surrounding mix of complementary uses.
According to Colliers, the building offers walkable access to nearby hotels, retail, and dining options, which contribute to its appeal for office users seeking amenity-rich environments. The property also provides both covered and surface parking, supporting a range of tenant parking needs and enhancing its competitiveness within the local office market.
Commenting on the broader context for the sale, Warwick noted that the area continues to demonstrate strong long-term potential, citing its proximity to the planned new Kansas City Royals stadium and ongoing development activity nearby. He described the building’s premier location and panoramic views of downtown Kansas City as key attributes that helped make the asset highly attractive to investors.
Warwick also expressed appreciation for the confidence placed in Colliers by the parties involved in the transaction, emphasizing the firm’s role in guiding the sale to completion. The change in ownership at 2323 Grand Boulevard underscores continued investment interest in well-located Kansas City office assets, particularly those positioned within active mixed-use districts such as Crown Center.
