News

LKQ Mid America Auto Parts leases Industrial space in Kansas City, KS

Kansas City Business Journal — Monday, February 21, 2011

By Krista Klaus, Staff Writer

LKQ Mid America Auto Parts has lease 118,000 square feet of industrial space in Kansas City, KS.

The Chicago-based company, a wholesale aftermarket auto parts distributor, signed a 10-year lease for the space at 555 River Park Drive, according to Grindstone Industrial Properties.

LKQ also operates facilities in Lawrence and Topeka, KS.

Paul Neal, owner of Grindstone Properties, represented landlord Premier Investments LLC in the deal; Dan Jensen of Kessinger/Hunter and Co. LC represented LKQ.

Brokers said the transaction did not involve significant financial or tenant incentives.

“The tail wasn’t wagging the dog on this one,” Neal said. “It’s good to know as things tread water that we are still getting transactions like this accomplished.”