**Newmark Arranges $100M Sale and $62M Acquisition Loan for Park Place Village in Suburban Kansas City**
Newmark has facilitated the $100 million sale of Park Place Village and arranged $62 million in acquisition financing for the property on behalf of DFW Land. Park Place Village is a 10-building, 480,000-square-foot trophy office and retail campus located in Leawood, Kansas, a suburb of Kansas City.
Originally developed in phases between 2007 and 2013, Park Place Village stands as a premier mixed-use destination in the region. Newmark’s Capital Markets teams from both Chicago and Dallas collaborated with local licensees to represent the seller, KBS. The deal was led by Senior Managing Director Derek Fohl and Vice Chairman Gary Carr, with additional support from Executive Managing Director Jim Postweiler, Senior Managing Director Peter Harwood, Associate Director Jack Trager, Vice Chairmen Robert Hill and Chris Murphy, and Director Austin Sheahan. Associate Jake Paschen supported the team with transaction analytics.
On the financing side, Senior Managing Director Ari Schwartzbard and Executive Managing Director Bill Weber secured the $62 million acquisition loan on behalf of buyer DFW Land. Executive Managing Director Henry Stimler also provided additional support for the financing.
This deal highlights Newmark’s comprehensive platform and ability to marshal teams across regions and service lines to execute complex transactions in the commercial real estate market.
