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Philadelphia REIT Puts Kansas City Properties on the Block

PHILADELPHIA-Liberty Property Trust puts its two Kansas City-area office buildings on the market. The trust is asking $18.5 million for both.

By Judie Burkhalter | Updated on June 13, 2002

PHILADELPHIA-Liberty Property Trust, a Philadelphia-based real estate investment trust, is selling its two properties in the Kansas City area, both of which are located in Johnson County, KS.

Liberty is putting its office building at 7500 W.110th St. in Overland Park, KS on the block, a building that is currently occupied by Sprint Corp. In Lenexa, KS, Liberty is putting up for sale its building at 8035 Quivira Rd., where Alliance Data is currently located.

Ken Block, a senior vice president at Block & Co. Inc., is putting together a group of investors who are interested in purchasing the building in Lenexa. That property is on the market for just over $6 million, which is about $95 per sf. Block also owns the Pine Ridge Business Park

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