Occupancy Rate is Nine Points Above Kansas City, Missouri, Commercial Real Estate Average

KANSAS CITY, Mo. (April 15, 2019) – Community Builders of Kansas City (CBKC), the area’s largest urban core developer, announced today its office building at 4001 Blue Parkway is 100 percent occupied with the addition of Mid- America Assistance Coalition (MAAC), an organization offering information systems, training and advocacy to residents and social services providers. MAAC signed a five-year lease for 3,000 square feet of space and moved into the new space on April 1.

“With average occupancy for commercial real estate in Kansas City at 91 percent in the fourth quarter of 2018, we are especially excited to announce full occupancy at one of our flagship developments,” said Art Chaudry, president and CEO of CBKC. “Since the opening of this building, CBKC has carefully curated a group of like-minded organizations who are dedicated to serving the urban core, and Mid-America Assistance Coalition perfectly complements and completes the offering here.”

The award winning Blue Parkway Office Building, a three-story, 69,000-square-foot property, was built in 2003 with a $10.5 million investment by CBKC. As developer/owner, CBKC has continued to transform the space into a community service hub (a complete list of tenants follows) in concert with Ross Simpson, Colliers International. The building was one of CBKC’s first investments in the Blue Parkway corridor as part of its massive, nationally recognized Mt. Cleveland Initiative project.

“We’re excited to join the tenants in the 4001 Blue Parkway space and look forward to serving Jackson, Clay and Platte County with our programs including our newly added Low Income Home Energy Assistance Program (LIHEAP),” said John Rich, executive director of MAAC.

CBKC, the largest developer in the region that focuses entirely on the urban core, has developed more than $225 million in urban renewal projects in Kansas City since its founding in 1991. It currently operates more than 700 units of rental housing and 200,000 square feet of commercial real estate.

About CBKC (www.cb-kc.org)

Community Builders of Kansas City is Kansas City, Missouri’s, largest urban core developer. A not-for-profit community development corporation, it transforms communities and families by igniting and fueling equity, access, opportunity and advocacy to serve some of the most vulnerable in our area. CBKC provides and enhances community engagement, real estate development, economic empowerment, wealth creation, legislative advocacy and programs and services for the communities it serves. Founded in 1991, CBKC was responsible for revitalizing the Blue Parkway area by developing commercial projects such as The 4001 Blue Parkway Office Building and the Swope Health Services Campus and residential projects like Mt. Cleveland Heights and Townhomes. The effort brought affordable housing, retail development, including a grocery store and countless social services to a formerly high-crime, blighted area.

4001 Blue Parkway Tenants:

  • 3T-Design&Development LLC – minority and woman-owned (MBE/WBE) engineering consulting firm
  • Boys and Girls Clubs of Greater Kansas City – offers children ages five to 18 develop skills, values and self-esteem to reach their dreams
  • Catholic Charities Kansas City-St. Joseph – delivers services to people in need. Client-centric services focus on greeting each person who comes to Catholic Charities’ door, assessing needs and providing customized services that put people, not programs, first. Resources and assistance related to housing, workforce development, education, support, health and emergency assistance.
  • Community Builders of Kansas City – urban core developer
  • Crystal Home Care – home health care
  • Holliday Law Firm – law firm
  • Junior Achievement of Greater Kansas City – brings business back to the classroom by providing programs to promote financial literacy, inspire entrepreneurship, and prepare students (K-12) for success in a 21st century workplace.
  • Legal Aid of Western Missouri – the only organization in western Missouri that provides free, comprehensive civil legal services to low-income people.
  • Mazuma Credit Union – credit union committed to the community.
  • Mid-America Assistance Coalition – offers information systems, training and advocacy to residents and social services providers.
  • Mid Star Lab Clinic – minority owned provider of orthotics for diabetics, children, athletes, elderly, the walking professional and veterans nationally.

https://www.rejournals.com/cbkc-fills-kansas-city-office-building-20190416