DFW Land Acquires Park Place Village Mixed-Use Asset In Leawood For $100 Million
11549 Ash Street
$100,000,000
$208/SF
Building Size
480,000 SF
Asset Type
Mixed-use
Closing
Oct 3, 2025
About this deal
AI
A 480,000-square-foot mixed-use property located at 11549 Ash Street in Leawood, Kansas, has been sold for $100 million. The asset encompasses both office and retail spaces, offering a diverse range of opportunities in the local market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $100,000,000
- Sale Date: 10/03/2025
- Address: 11549 Ash Street
- Market: Leawood, KS
- Price per Square Foot: $208
- Buyer: DFW Land
- Seller: KBS
- Brokers: Derek Fohl & Gary Carr - Newmark
- Mortgage Brokers: Ari Schwartzbard, William (Bill) Weber & Henry Stimler - Newmark
- Acquisition Loan Amount: $62 million
This transaction was facilitated by Newmark, which acted on behalf of KBS and played a crucial role in securing a significant acquisition loan for DFW Land. The deal highlights the collaboration of expert teams led by Derek Fohl, Gary Carr, and Ari Schwartzbard in orchestrating this substantial transaction.
On the Map
$100,000,000
$208/SF
Mixed-use
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Players
Leawood Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93