Corrigan Station is largest office project downtown in nearly quarter century

 In Case Studies

SITUATION

When Kansas City-based 3D Development decided to redevelop the historic Thomas Corrigan Building – a 10-story structure built in 1921 – into office space, the company asked Copaken Brooks to partner as co-developer and property manager. They knew they would benefit from the connections and experience that Copaken Brooks could provide in the local commercial real estate market.

STRATEGY

Copaken Brooks worked at the macro level at the top end of development during construction. As co-developer, the team brought additional investors to the Corrigan Station development and secured key local economic incentives from the city that helped make the project possible. 3D also leaned heavily on Copaken Brooks’ extensive experience with downtown leasing and property management.

Hollis + Miller, an integrated architectural firm, committed early and was the first tenant in the building. That was followed by a second lease with Holmes Murphy & Associates, an independent brokerage, which paved the way for other tenants to follow.

RESULTS

Phase 1 of the project was completed in December 2016, with unprecedented success: The building achieved a 100-percent leased status within one year of opening and hit a record high for rent within the Central Business District of Kansas City.

Corrigan Station case study resultsPacked with attractive amenities, Corrigan Station features an on-site coffee shop and restaurant, a rooftop clubhouse and patio, usable basement space for tenants, rentable secure storage rooms, shower and changing rooms, a dedicated parking garage, and one-of-a-kind views from every floor.

Copaken Brooks continues to serve as the property manager for Corrigan Station. The company is also currently leasing for Phase II of the project, a new three-story, 22,910-square-foot addition anchored by Academy Bank. Using modern design, the building will feature elements of zinc, concrete and glass, and will include a four-story parking structure.

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