McGowan & Walsh LLC wants $5.3 million for the building at 306 E. 12th St., across the street from City Hall.
Gib Kerr of Sperry Van Ness, the listing broker, said he's close to a deal with an unidentified out-of-town buyer.
Kerr also wouldn't reveal the prospective acquirer's plans, but he said housing or a hotel is likely.
The offering comes after McGowan & Walsh's October reorganization, which removed the firm from new projects.
Kevin McGowan, a McGowan & Walsh principal who formed a new company to run the firm's existing developments, couldn't be reached for comment.
Kerr said his client decided to concentrate on finishing two residential condominium conversions in the Crossroads Arts District.
After buying the Argyle building in 2002, McGowan & Walsh gutted the 10-story structure's upper eight floors and abated asbestos.
Kerr said Sprint Center's opening a block away makes the Argyle's location prime, as does the Kansas City Power & Light District.
Tim Schaffer of RED Brokerage LLC said Downtown's revitalization is drawing attention to once-overlooked properties. Still, he cautioned, the turnaround probably will come slowly.
"
Real Estate Designers offers totally innovative solutions for your software
development, Internet programming,
real estate web design and hosting needs. Our service includes domain name
registration and real estate web design. Real Estate Designers provides the
complete solution including design, application development and marketing.
Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.
source: bizjournals.com
No comments:
Post a Comment