Morgan Stanley Real Estate Investing Acquires Industrial Asset From Hunt Midwest For $158.5M

The industrial asset involved in the transaction is located at 13231 Northwest Roanridge Road in Kansas City, MO. It was sold for $158,500,000, equivalent to approximately $106 per square foot, comprising a total square footage of 1,500,000. The property is a newly developed Ace Hardware distribution facility that serves as the first phase of the KCI 29 Logistics Park and includes specialized automation infrastructure to support distribution operations.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $158,500,000
• Buyer: Morgan Stanley Real Estate Investing
• Seller: Hunt Midwest
• Broker Representatives: Mark Long & John Hassler - Newmark Zimmer
• Square Footage: 1,500,000
• Price Per Square Foot: $106

The key individuals involved in this transaction include Morgan Stanley Real Estate Investing as the buyer and Hunt Midwest as the seller. Mark Long and John Hassler, representing Newmark Zimmer, facilitated the deal as the brokers. This transaction highlights the collaboration between these entities in acquiring the logistics asset.