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Heartland Logistics Park Sells to Texas Investment Group

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273,000 SF Spec Building Sells Prior to Leasing

Kansas City, Missouri – Colliers Kansas City announced the sale of Heartland Logistics Park Building 1 in Shawnee, Kansas. The 273,000-square-foot industrial building sold for an undisclosed price to Texas Investment Group, SparrowHawk Real Estate Strategists. Building 1, built on a speculative basis, was purchased prior to any leases being executed. John Stafford, Executive Vice President, and Ed Elder, President, of Colliers brokered the sale and will continue to market the building for lease.

John Stafford said, “The sale of Heartland Logistics Park Building 1 prior to being fully stabilized (leased) shows the strength of the industrial market in Kansas City and this submarket. Due mainly to rising construction costs and industrial tenant demand, this was a win-win for buyer/seller.”

Alfredo Gutierrez, founder of SparrowHawk Real Estate Strategists, said “SparrowHawk is pleased to have the opportunity to add another property to its Kansas City holdings. Even though the building is vacant, we are confident it will not be empty for long. Industrial space demand continues to rise in Kansas City and supply is not keeping pace.”


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Ed Elder

President

Kansas City

Ed is the President of the Colliers Kansas City office and is responsible for overseeing all brokerage operations of the Kansas City, Missouri and Lawrence, Kansas offices.

Ed remains very active in the sale and leasing of industrial properties, along with providing clients expertise on site selection and development services for new construction in the Kansas City metropolitan area.

Ed has significant experience in representing many local and national clients in their real estate assignments.

COMMUNITY INVOLVEMENT

Ed is an active member of the Kansas City community and supports several organizations. Some of these include Cristo Rey Corporate Work Study Program, Morning Glory Ministries and United Way Tocqueville Society.  He is a former board member of Coaches vs. Cancer with the American Cancer Society, Notre Dame de Sion High School and former Board President of Genesis Charter School.

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John Stafford

Executive Vice President

Kansas City

John specializes in the sales and leasing of industrial properties throughout the Kansas City metropolitan area, as well as tenant and buyer representation. Since 2006, John has leased/sold more than 15 million square feet of real estate, completing over 1,000 transactions, with a total volume exceeding $1 billion dollars.

John Stafford began his commercial real estate career in 2006 and joined Colliers in January of 2011. In 2012, John was promoted to Senior Vice President, in 2013 became a partner of the firm, and in 2019 was promoted to Executive Vice President.

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