Park Place apartment complex and office building in Leawood up for sale

An office building and an apartment complex at Leawood’s Park Place shopping center have both been listed for sale.

Where exactly: The two buildings in question are at 5100 West 115th Place and 5280 West 115th Place, respectively.

• Both buildings sit just off Town Center Drive, along the angled northeast side of the outdoor shopping center.

Property details: Listed by JLL Inc., the office building for sale at 5100 W. 115th Place is 47,567 square feet in total with three stories.

• The property was built in 2019 and also includes structured parking — in addition to multipurpose training rooms, a fitness center, an outdoor plaza and rooftop solar panels.
• The apartment structure just down the street at 5280 W. 115th Place is separately listed by JLL, Inc., and is 290,371 square feet with six stories.
• Amenities at the apartment property include a pool, a fitness center and a game room.

Further background: The office building formerly housed TortoiseEcofin, an Overland-Park based investment company that has a focus on energy and power infrastructure.

• Two years after acquiring it, TortoiseEcofin subleased it last year to Optiv Security — a Denver-based information security company.
• Meanwhile, the apartment complex currently houses The Residences at Park Place, which was built in 2013 and has 258 units overall, ranging from one and two-bedroom apartments to three-bedroom townhomes.
• Both properties are owned by VanTrust Real Estate, a Kansas City-based real estate company.
• JLL Inc. representatives for both listings did not immediately respond to inquiries about the sales prices for the properties, which aren’t listed online.

Bigger picture at Park Place

The Park Place shopping center has seen a range of openings, closings and other turnover in the past few months.

• That includes the opening of Maison de Marnie and Owen and Graham boutiques, in addition to a second studio for Overland Park-based Upgrade Group Training. 
• The Pig & Finch Gastropub also closed its doors at the shopping center at the end of the summer.