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Knickerbocker Closes $150M Refinancing of 21-Building Portfolio

KANSAS CITY, KS-Located in a master-planned suburban corporate office setting in Overland Park, the 21-building portfolio offers over 2.2 million sf of Class A and B office space. Northwestern Mutual provided the funding.

By Brian K. Miller | Updated on April 23, 2003

KANSAS CITY, KS-Knickerbocker Properties Inc. XXI has closed on a 10-year, $150-million fixed-rate loan for Corporate Woods, a 135-acre master-planned office development in Overland Park that comprises 2.2 million sf of Class A and B office space in 21 buildings as well as land for future development.

Knickerbocker Properties Inc. XXI is 100% owned by a public pension fund advised by ING Clarion Partners. Northwestern Mutual provided the funding for the low-leverage loan, which paid off existing debt. Mike Melody in L.J. Melody & Co.’s Houston office secured funding for this transaction.

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