Crown Center
Kansas City | Missouri
6.18.2021
Introduction
01
The Property
03
Market Data
04
Crown Center Experience
02
Marketing
05
The Team
The Team
The Team
The Team
Senior Managing Director, Principal
nsuarez@nzimmer.com
(816) 512-1012
Nick Suarez, SIOR, CCIM
Associate VP, Marketing
mbaum@nzimmer.com
(816) 268-4211
Mackenzi Baum
Director
jhoefer@nzimmer.com
(816) 268-4248
John Hoefer
Kathryn Mitchell
Team Administrator
kmitchell@ngzimmer.com
(816) 268-4233
Director, Research
agarten@ngzimmer.com
(816) 256-4288
Andrew Garten
one of the world's leading real estate service firms
18,000
PROFESSIONALS
$3.3B
REVENUE
400M
SQUARE FEET MANAGED
480
OFFICES INTERNATIONALLY
Introduction
01
The Property
03
Market Data
04
Crown Center Experience
02
Marketing
05
Tenant
Unite Private Networks
1828 Walnut
11,000
Make Digital
500 Delaware
5,640
ReMax
508 Walnut
2,250
CDL Life
1220 Washington
8,337
Mythical Games
1712 Main
5,600
Unite Private Networks
1511 Baltimore
7,500
Novak Birks
4435 Main
6,878
Mandarich Law Firm
4717 Grand
1,533
Gavilon
1220 Washington
3,591
Northwoods Technology Group
1712 Main
11,219
AdPredictive
117 W. 20th St
4,781
Address
Size (SF)
NZ Completed Transactions in last 5 years
New Leases completed in last 12 months
Newmark Zimmer 5-Year Transaction History
Crown Center Experience
Crown Center Experience
Introduction
01
The Property
03
Market Data
04
Crown Center Experience
02
Marketing
05
Newmark Zimmer History at Crown Center
For more than 5O years, Newmark Zimmer has provided a host of brokerage and development services for Hallmark and Crown Center Redevelopment Corporation. These services include national and international brokerage work, co-development of office buildings, and traditional leasing services in the Crown Center portfolio.
Notable Transactions at Crown Center
Shook Hardy & Bacon
Children's Mercy Hospital
National Association of Insurance Commissioners
Truman Medical Center
People to People International
Northwestern Mutual
Berkowitz Oliver
Law Firm
Case Linden Law Firm
The Property
The Property
Property Overview
Pros & Cons
Exceptional Ownership & Management
Flexible Space Offerings
Convenient Parking Arrangements
Competitively Priced
Unparalleled Amenities
Central Location
Uncertainty of Office Market
Impact of "Work-From-Home" Strategies
Competitive Marketplace
Outdated Vacancies
Introduction
01
The Property
03
Market Data
04
Crown Center Experience
02
Marketing
05
- Ideal space flexibility for tenants to grow within the campus
- Over 1.8 million square feet of Class-A Office space
- Impeccable architecture and landscaping throughout campus
- Unparalleled ownership, services and amenities
- Availability ranges from small spaces to multi-floor opportunities
Market Data
Market Data
2323 Grand Blvd
Class A Office
Property Size - 320,976 SF
Space Available - 92,506 SF
Rent/SF/Year - $22.50
2345 Grand Blvd
Class A Office
Property Size - 515,909 SF
Space Available - 103,992 SF
Rent/SF/Year - $22.50-$24.50
920 Main St
Class B Office
Property Size - 355,241 SF
Space Available - 60,070 SF
Rent/SF/Year - $18.00
1100 Main St
Class A Office
Property Size - 663,656 SF
Space Available - 283,388 SF
Rent/SF/Year - $25.00
2300 Main St
Class A Office
Property Size - 513,998 SF
Space Available - 45,119 SF
Rent/SF/Year - $20.00
4435 Main St
Class A Office
Property Size - 182,245 SF
Space Available - 47,146 SF
Rent/SF/Year - $22.50
215 W Pershing St
Class A Office/Office/Residential
Property Size - 81,233 SF
Space Available - 33,472 SF
Rent/SF/Year - $20.00
1201 Walnut St
Class A Office
Property Size - 509,124 SF
Space Available - 108,406 SF
Rent/SF/Year - $23.50
Competitive Set
Introduction
01
The Property
03
Market Data
04
Crown Center Experience
02
Marketing
05
Uptick in Leasing Activity over recent months
Increased Construction Costs
Flexibility is paramount for Tenants
More leasing concessions are being offered, as opposed to reduced rental rates
Increase in sublease offerings
Current Conditions
Introduction
01
The Property
03
Market Data
04
Crown Center Experience
02
Marketing
05
Marketing Plan
Marketing Plan
Marketing Plan
Crown Center
Proactive Direct Marketing Plan
Targeted mailing campaign and follow up calls
Target all likely tenants from River Market to Plaza
Expand target list to include Tenants with expiring leases in other parts of metro area
Specifically target law firms and offer the plug-and-play opportunity
Use separate brochure for the move-in ready law firm
Website and premium online marketing
Virtual Tours
Detailed brochure and marketing materials
Offer Broker Incentives
Consider building out "make-ready" suites
Collaboration with active Brokers
Actively offering and providing test-fit space plans to all interested prospects
Bi-weekly marketing updates with Crown Center Redevelopment
Marketing Tools
DRONE FOOTAGE
