Law firm’s Crown Center HQ tower in KC sells for $153.5M

Newton, Mass.-based Select Income REIT (NYSE: SIR) purchased Crown Center tower for $153.5 million, or around $258 per square foot.

The 24-story, 595,607-square-foot building is headquarters to Kansas City’s largest local law firm, Shook Hardy & Bacon LLP, which will continue operations there.

Crown Center was built for the firm between 2001 and 2003. Houston-based Hines Interests LP purchased it for $155 million in 2008 from Crown Center Redevelopment Corp.

As of June 30, Select owned 116 properties with roughly 43.9 million rentable square feet in 35 states.

Read more from the Kansas City Business Journal.