KANSAS CITY’S REAL ESTATE DEALMAKERS APRIL 27, 2018 ADVERTISING SUPPLEMENT TO THE KANSAS CITY BUSINESS JOURNAL GETTY IMAGES C2 ADVERTISING SUPPLEMENT TO THE KANSAS CITY BUSINESS JOURNAL The president’s message he Kansas City curriculum, demon- strongest chapters In May, I will be and Q10 Triad Cap- Chapter of strated a strong and in the CCIM Insti- traveling to Wash- ital Advisors, Inc. A T CCIM (Cer- consistent transac- tute. Membership ington, D.C. to meet complete list of all tifed Commercial tional history, and is open to anyone with Missouri and of our valued spon- Investment Mem- successfully passed regardless of des- Kansas represen- sors can be found in ber) is once again a national compre- ignation and offers tatives to discuss this insert. pleased to partner hensive exam. Only an excellent oppor- issues critical to I would also like with the Kansas City about 6 percent of tunity to network the commercial real to thank our dedi- Business Journal to commercial real with top real estate estate industry. This cated board of direc- publish this annual estate practitioners professionals in is done each year tors and volunteers insert. This supple- nationally have our market. More in conjunction with who work tirelessly Bruce Johnson, ment features timely earned this designa- than 100 area pro- the National Asso- to make all this hap- CCIM articles written by tion. fessionals regularly ciation of Realtors. pen. And, of course, Vice President, local CCIM designees The Kansas City attend our monthly If you think Wash- I want to thank all Block Real Estate about the many dif- chapter is an exten- breakfast meetings ington does not of our members Services, LLC ferent areas of com- sion of the greater and numerous other listen, I would point for their support mercial real estate CCIM Institute. A networking events out that last year’s of this chapter. If and our market, and list of our chapter throughout the year. main issue was the you are not a mem- it refects the array members who have Another way in 1031 tax-deferred ber, please visit our of disciplines of our earned and hold which the Kansas exchange provision, website and con- chapter member- the CCIM designa- City chapter serves which is critical to sider joining to take ship. We hope you tion can be found its members is by our industry. This advantage of all we fnd the articles in- on the back page of hosting two of the provision survived have to offer. teresting and useful this insert. It is no required CCIM core in the new tax code Finally, I would in your day-to-day coincidence that this courses each year thanks, in no small like to direct your business. list contains many in the Kansas City part, to the effort attention to the back CCIM designees of the top producers area. The 2018 local CCIM members page of this insert. are recognized in their respective offerings, CI 102 and spearheaded. There you will fnd internationally as specialties. CI 104, will be held Our chapter is a list of the Kansas experts in commer- With about 250 at Dentons law frm, fortunate to have a City chapter’s CCIM cial and investment active members, the our education part- long list of dedicated designees. If you are real estate. They Kansas City chap- ner. This allows lo- sponsors and part- seeking a real estate have completed a ter has consistent- cal professionals to ners. I would like to service provider, rigorous academic ly been one of the attend these courses especially acknowl- I can think of no without incurring edge our annu- better resource than travel costs and time al partners: First this list of distin- away from home. We American Title, the guished profession- offer fnancial as- Kansas City Busi- als. Providing experienced legal counsel sistance in the form ness Journal, First Please enjoy this to individuals and businesses throughout of three endowed National Bank, UES insert, and we look scholarships to fur- Consulting Services, forward to see- Missouri, Kansas and the U.S. since 1909. ther offset the cost Inc., Burns & Mc- ing you at our next of these courses. Donnell, Lewis Rice event. Bruce Johnson is a vice president of Block Real Estate Services, LLC, and specializes in the sales and leasing of ofce properties, tenant representation and real estate investment advisory services throughout the metropolitan Kansas City area. You can reach Bruce at 816-412-8442 or [email protected]. CCIM Kansas City 2018 Ofcers & Directors Bruce Johnson, CCIM Adam Abrams, CCIM CHAPTER PRESIDENT PROGRAMS Anita Bates, CCIM Christopher Williams, CCIM VICE PRESIDENT/SPONSORS MEMBERSHIP Frank Sciara, CCIM Andrew Van Zante, CCIM TREASURER/SECRETARY EDUCATION Real Estate | Litigation | Employment Nick Pickard, CCIM Bill Early, CCIM Corporate | Estate Planning & Probate | Taxation PUBLIC RELATIONS PAST PRESIDENT Zoning & Government | Finance | Joint Ventures Rosanne Saitta Joe Orscheln, CCIM EXECUTIVE DIRECTOR lewisrice.com | 816.421.2500 SPECIAL PROGRAMS 1010 Walnut Street, Suite 500, Kansas City, Missouri 64106 Ferd Niemann, CCIM The choice of a lawyer is an important decision and should not be based solely upon advertisements. CANDIDATE GUIDANCE APRIL 27, 2018 CCIM: KANSAS CITY’S REAL ESTATE DEALMAKERS C3 Industrial: KC meets the challenge an the good of 2017. deal of 2017 was a tics I and II buildings City as an important times last? Much of the deliv- 927,112-square- in the Claycomo city to place money C Industrial real ered space brought foot lease signed by submarket and Jones and gain a foothold. estate advisors, in- to the market during Spectrum Brands at Development Compa- Both made signifcant vestors and develop- the last fve years Logistics Park Kansas ny’s announcement investments in Kan- ers have been asking has been speculative City in Edgerton, Kan. of a 100,000-square- sas City within the themselves this ques- in nature, mean- Another top-fve deal foot building in past year. Increased tion for the past fve ing that a developer — a 432,000-square- Shawnee. competition from the years, and Kansas is constructing a foot lease signed by supply side through- City’s industrial real building at risk, with BMS Logistics — was Betting on out the nation has estate market con- no tenant in place done on the other Kansas City caused users to take a Nick Pickard, tinues to answer the at the time of the pole at KCI Intermod- Ultimately, devel- closer look at “deals” CCIM call. announced construc- al BusinessCentre, opers and investors available in Kansas Director, The glow of the tion. Even with the proving Kansas City is must continually City, and we have Newmark Grubb industrial real estate abundance of specu- no one-trick pony. evaluate whether become better at de- Zimmer sector shines bright lative construction, Large, cross-dock demand and opportu- livering institutional across the country’s the industrial market facilities designed nity will persist. The quality buildings with commercial real es- has met or outpaced for big space users answer is determined terms advantageous tate landscape with the new deliveries have been the head- by a market’s ability to tenants. investors clamoring with positive absorp- line-grabbers in most to sustain momen- Will Kansas City’s to fnd deals and de- tion in 25 of the last U.S. markets for the tum, deliver strong industrial mar- velopers looking for 27 quarters, and the past several years. rental rates and ket continue at the sites. The National vacancy rate stands But another preva- provide viable options current rate of suc- Council of Real Estate today at 5.8 percent, lent story of the day to attract users to cess? Rising interest Investment Fiducia- according to New- is the addition of our market. 2017 saw rates and limited ries (NCREIF) reports mark Grubb Zimmer Class A, multitenant some familiar groups rental rate growth that industrial real research. buildings being built in our area make are a concern going estate has been either with smaller users the bet that Kan- forward, but indus- the best or sec- Building new in mind. Because of sas City will remain trial real estate has ond-best performing inventory the limited options a great place to do become the preferred major asset class A great deal of for users of less than business. NorthPoint asset class for com- nationwide in each the square footage 100,000 square feet Development, Colony mercial real estate quarter for more than growth during the demanding Class NorthStar, Odyssey investors. Macro three years. past fve years can be A space, there are Real Estate Capi- issues like e-com- Kansas City has attributed to big-box buildings popping tal and others made merce, U.S. manufac- mostly benefted speculative devel- up all over the metro major commitments turing, homes sales from this demand. opment catering to that can be demised through development and the auto industry According to re- users needing at least down to as small and investment. give reason to believe search from Costar 200,000 square feet. as 20,000 square The sustained the future is bright Group, Inc., the With its centralized feet in some cases. success of our mar- for industrial prop- Kansas City industrial geography, excellent Prime examples of ket has also buoyed erties for many years market in 2012 was highway systems and these front-park, new interest from to come. Locally, the 299,500,942 square robust rail infrastruc- rear-loaded buildings the likes of Exeter fundamentals of our feet with a vacancy ture, Kansas City con- are Opus Group’s 56 Property Group and market make it a rate of 6.0 percent.