SparrowHawk has expanded its industrial holdings with the purchase of a fully leased, 764,735-square-foot warehouse at 31450 W. 196th Street in Edgerton, Kansas. The building sits within Logistics Park KC, an established industrial park positioned north of I-35. The complex is approximately 33 miles southwest of Kansas City and 24 miles southwest of Overland Park, providing access to key population and distribution centers in the region.
The acquired warehouse is part of a broader industrial ecosystem at Logistics Park KC, which comprises 17 multi-tenant buildings totaling roughly 10.8 million square feet of space. The scale of the park underscores its role as a major logistics hub in the Midwest, with the subject property contributing a large single asset to SparrowHawk’s portfolio. Developed in 2016, the building is relatively modern by industrial standards and is currently occupied by two tenants, indicating stabilized occupancy at the time of sale.
According to information released with the transaction, the warehouse is 100% leased, though specific lease terms and tenant names were not disclosed. The property benefits from its proximity to regional transportation infrastructure, including a BNSF gate located approximately 1.5 miles from Logistics Park KC. This connectivity supports intermodal and rail-served logistics operations, which are key drivers of demand for large-format distribution facilities in the area.
Newmark Zimmer handled brokerage duties on the transaction, representing both the seller and SparrowHawk. Mark Long and John Hassler, SIOR, of Newmark Zimmer advised the seller, described as a development firm and its institutional capital partner, as well as SparrowHawk. The deal structure and pricing details were not made public, but the involvement of institutional capital on the sell side and a programmatic capital relationship backing the buyer highlight institutional participation in the submarket.
This acquisition is notable as SparrowHawk’s first purchase since securing a $300 million growth capital commitment from Almanac Realty Investors. That capital commitment is intended to support SparrowHawk’s expansion, and this Edgerton transaction represents the launch of investment activity under that program. The company characterized the deal as a reflection of its positive view on the Midwest industrial market and a key step in deploying its new growth capital.
Commenting on the transaction, Jorge Cabrera, Vice President of Asset Management & Transactions at SparrowHawk, said the acquisition demonstrates the firm’s confidence in the region’s industrial fundamentals and its intent to begin investing the capital commitment from Almanac Realty Investors. While the specific financial metrics of the purchase were not disclosed, the combination of full occupancy, modern construction, and location within a large, rail-served logistics park positions the asset as a core industrial holding within SparrowHawk’s portfolio.
