Industrial P Kansas

Hines, Oaktree Capital Management acquire two business parks in Lenexa

Hines and a subsidiary of a real estate fund managed by Oaktree Capital Management has acquired the Southlake Technology Park and Lenexa Industrial Park in Lenexa, Kansas.

southlakeHines and a subsidiary of a real estate fund managed by Oaktree Capital Management has acquired the Southlake Technology Park and Lenexa Industrial Park in Lenexa, Kansas.

The sales prices of the deals were not disclosed.

The two real estate parks combine for 1.67 million square feet of leasable space in 40 buildings.

"These properties represent the largest blocks of vacancy in office product in southern Johnson County," said Tom Danilek, Hines senior managing director, in a written statement.