Benderson Development & CGA Capital Acquire Lenexa School For $199.75M

Kiewit Corp. has sold its Lenexa campus in Kansas City metro's largest office investment deal of the year. The 16-acre campus, located at 8900 Renner Boulevard in Lenexa, Kansas, was acquired by Benderson Development and CGA Capital for a total sale price of $199.75 million. The campus consists of a school property with a total square footage of 120,000. The price per square foot for this transaction is $1,665, reflecting the value of the property.

Summary of transaction details

• Property Type: School
• Transaction Amount: $199,750,000
• Address: 8900 Renner Boulevard
• Market: Lenexa, KS

Benderson Development and CGA Capital were the buyers in this transaction, while Kiewit Corp. acted as the seller. The deal involved a 20-year lease agreement between Benderson Development and Kiewit Corp., with extension options. Through this agreement, Kiewit Corp. will lease back the Lenexa campus from the buyers. This acquisition marks a significant investment in the Kansas City metro's office market and highlights the growing interest in the area's real estate sector.