JLL closes sale of Kansas City Light Industrial Portfolio

CHICAGO, Sept. 18, 2025 – JLL Capital Markets announced today the sale of the Kansas City Light Industrial Portfolio, a collection of seven light industrial assets totaling 624,784 square feet located across three established business parks in Johnson County, Kansas.

JLL represented the seller, Clarion Partners, in the sale to L&B Realty Advisors and Block Real Estate.

The portfolio consists of properties in the Switzer, Westbrook and Brookhollow business parks, all positioned directly off Interstate 35 within four miles of the I-35/I-435 interchange and 12 miles from downtown Kansas City. This prime location provides exceptional access to the Kansas City metropolitan area's dense labor pools and transportation networks, while benefiting from Johnson County's pro-business environment and educated workforce.

Built between 1979 and 2001, the seven properties within the portfolio range from 35,901 square feet to 155,213 square feet. The assets feature functional industrial product with an average clear height of 23 feet and offer both multi-tenant and single-tenant formats across 26 total suites. With average unit sizes of approximately 25,000 square feet, the portfolio caters to a wide range of tenant requirements from small businesses to major corporations.

The portfolio is currently 87.3 percent occupied, serving a diverse tenant base, including healthcare providers, manufacturing companies, distribution operations and professional services firms. Notable tenants include Manna Pro Products, HCA Healthcare, University of Kansas Hospital Authority, Siemens Corporation and Temp-Con.

The JLL Capital Markets Investment Sales and Advisory team was led by Managing Directors Ed Halaburt, Senior Managing Director Sean Devaney, Managing Director Kurt Sarbaugh and Senior Director Ross Bratcher.

"Johnson County's light industrial and shallow bay fundamentals significantly outperform the greater Kansas City market, with substantially lower vacancy rates and zero oncoming competitive product," said Halaburt. "This lack of available options demonstrates the potential for continued rent growth, making the submarket particularly attractive to investors seeking markets with strong supply-demand dynamics that support long-term value creation."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Clarion Partners, LLC, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 40 years. Headquartered in New York, the Firm maintains strategically located offices across the United States and Europe. With over $73 billion in total real estate and debt assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to approximately 500 institutional investors across the globe. Clarion is scaled in all major property types and was an early entrant into the Industrial sector. The Firm’s global industrial team manages a ~1000 property portfolio in the U.S. and Europe consisting of more than 250 million square feet.1 Clarion Partners is an independently operated specialist investment manager of Franklin Templeton. More information about the firm is available at www.clarionpartners.com.

L&B Realty Advisors is a global, full-service investment manager that advises institutional investors on real property investments. The company’s institutional real estate investment vehicles include separate accounts and commingled funds, and L&B Realty’s seasoned investment professionals offer the full complement of investment management services including portfolio management, acquisition, asset management, research, development and construction services, and investment accounting.