Relocating your business to a new rental space might not be something that you do very often in your career, and as a result it can be hard to become fully knowledgeable about this process. To learn or refresh your memory before beginning your search, you might want to familiarize yourself with some basic real estate terms:
Fair Market Value (FMV): The price that a property would most likely sell for in the current market.
Fee Interest: A type of ownership in which an owner has unrestricted power to use and dispose of the property, which can also be inherited or left by will. A common synonym for ownership.
Grantee: The buyer, a person to whom a grant is made.
Grantor: The seller, the person granting property or property rights.
Leasehold Interest: Ownership of realty that is held under a lease; the use of said real estate for a fixed period of time.
Lessee: The business leasing realty from another party.
Lessor: The individual or owner of a building leasing space to another party.
Lien: An encumbrance or claim against property in exchange for money.
NNN Lease: A type of lease agreement in which the tenant is responsible for paying (in addition to rent) its proportionate share of building insurance, real estate taxes, and maintenance of common areas such as landscaping, snow plowing, and management, as well as his or her own utility and janitorial service.
Operating Expenses: The cost to the landlord to operate the property. This includes utilities, real estate taxes, insurance, common area refurbishing, maintenance and repairs, materials and supplies, janitorial and repair services, security fees, property management costs, contractors and employees, cost of signs, outside maintenance, garbage removal, bulb replacement, pest control, etc.
It is important to have a working knowledge of these and other real estate terms as you enter into lease negotiations, so be sure to do your research!
Attention jazz fans: don’t miss out on Kansas City’s largest free music festival right here in Overland Park! The Overland Park South Rotary Club is hosting its annual Jazz in the Woods event on Friday, June 15th to Saturday, June 16th! Admission is free, but donations are welcome to benefit a handful of local charities that help youth in the area chosen by the Rotary Club each year. This year’s charities are Love Fund for Children, Operation Breakthrough, Lee Ann Britain Infant Development Center, and Future of Hope, the Overland Park South Rotary Club Foundation. Bring the kids to hang out at the Kids’ Pavilion, which includes face painting, inflatables, and crafts!
Friday, June 15, 2012 6:30 – 7:20 PM Marcus Anderson 7:45 – 8:35 PM The Elders 9:00 – 10:15 PM Jonathan Butler / Warren Hill
Saturday, June 16, 2012 5:45 – 6:35 PM Dotsero 7:00 – 7:50 PM Brian Simpson / Jackiem Joyner 8:15 – 9:05 PM Davina and the Vagabonds 9:30 – 10:45 PM Oleta Adams
Please leave your coolers at home, as plenty of food vendors such as Jerusalem Café, Jack Stack BBQ, and Bo Lings will be there! Help support your community and enjoy a night of jazz!
Next time you are at the grocery store shopping for some tasty breakfast foods, consider picking up Farmland Foods bacon products to help support Farmland and Harvesters in the “Bacon a Difference” campaign. Harvesters is a local clearinghouse that collects and distributes food and other household products to the hungry. From May 26th through September 3rd, 2012, Farmland Foods will donate 4.3 cents to Harvesters for each bacon product you buy at participating grocery stores. Supporting stores include the following:
Apple Market Cosentinos Downtown Country Mart Dillons Festival Foods Hen House Hy-Vee (Kansas City, Topeka and Manhattan) John’s Super Patricia’s Foods (Grain Valley, Marshall, Oak Grove and Odessa) Price Chopper Red X SunFresh Thriftway
This campaign will culminate in the presentation of a check to Harvesters for no less than $43,000 from Farmland Foods at the NASCAR Sprint Cup Series at Kansas Speedway in October. Farmland will also put the Harvesters logo on Richard Petty Motorsports’ famous No. 43 Ford, which will race in the event.
Help Harvesters “Bacon A Difference” in the lives of hungry people in Kansas City through an organization that Southcreek has supported in the past through various food drives! To learn more about commercial office rental in Overland Park through Southcreek and how we provide you the opportunity to set up your business in a great community, give Kathy Woodward at DDI Commercial, one of our brokers, a call at 913-658-4100!
Are you trying to find the best place for commercial office rental in Kansas City? Southcreek Office Park located in Overland Park offers our tenants many attractive benefits. Here are just a few reasons why Southcreek it worth taking a look at:
Our buildings have on site property management, which allows tenant’s needs to be responded to quickly.
Our location in Overland Park is ideal because we are close to many commercial areas.
Southcreek buildings are surrounded by nature. You can get a view of great trees, open space, and a lake, often with walking trail access.
Our business is locally owned and operated.
Not only do tenants get to enjoy the natural scenery, but we also have sculptures scattered throughout the park.
Our tenants are close to hospitals, restaurants, and golf courses, which makes Southcreek a great location for entertaining clients.
Since we are in Kansas, the heart of the country, we are so easy for business travelers to access from both coasts.
These are just a few of the benefits of commercial office rental in Overland Park with Southcreek Office Park. We would love to talk to you about what you are looking for in an office rental location, so please give one of our commercial real estate brokers, Elaine Sight or Cathy Woodward, a call at 913-685-4100 to talk to us and find out more about what Southcreek can offer you!
Looking for a place to grab a sandwich near the office? Lenny’s Sub Shop has a great deal for tenants of Southcreek Office Park during the month of April! Lenny’s prides itself on its Philly Cheese steak Sandwich, but they also serve a variety of other hot and cold sandwiches including a French Dip, a Meatball sub, an Italian sub, a Chicken Salad Sub, and more.
From April 1st – 30th Lenny’s is offering a Business Appreciation deal: A regular sized sub, chips, and a drink for only $6! To take advantage of this offer, present the flyer found in the Southcreek Office Park newsletter or show a Southcreek ID at the register. Lenny’s also offers free delivery for orders over $25 for if you ever want to order in lunch with a group at the office. You can order your food online for speedy pick-up or delivery, and Lenny’s also caters if you ever need sandwiches for an event. Lenny’s has two locations in the Overland Park area:
Lenny’s #561 8327 W 135th Street Overland Park, KS 66223
Lenny’s #560 9343 W 87th Street Overland Park, KS 66212
Commercial office rental in Overland Park means access to all of the businesses this thriving area has to offer—restaurants, hotels, golf courses—that can be useful to you in your business. If you are looking for access to these kinds of amenities, consider office rental at Southcreek Building V. Here is some information about space available in this building:
Address: 12980 Metcalf Ave. Overland Park, KS 66213 Total Square Footage: 24,206 sq. ft. Number of Floors: 5 Year Built: 1997 Space Available:
835 sq. ft. of space is available divided into three large areas for you to design according to your preferences.
The benefits of all of these spaces include a lot of natural light from the many walls of windows, easy major highway access, and on-site property management provided by Southcreek. Give us a call at 913-658-4100 to talk to us more about what you are looking for in commercial rental property Overland Park so we can help you find office space to fit your business needs!
This March, you can celebrate St. Patrick’s Day with several different parades and events all over Kansas City! The Snake Saturday Parade & Festival in North Kansas City is one of the first events to kick off the week of celebrations. This particular celebratory day is also a fundraiser, and its goal is to award over $50,000 in prize monies to 50–100 local charities.
The theme of the 2012 parade is “NKC: A Century Of Home Town Pride.” The parade will start at 11:00 a.m. on March 17, 2012, regardless of weather conditions. If you are interested in being a part of this spectacular Irish celebration and fundraiser, you can either volunteer, enter the Parade, become a sponsor, or just go enjoy the event!
The parade route: Starts at 14th & Swift Travels north on Swift to Armour Road Turns east on Armour Road to Howell Street Turns south and ends after crossing 18th Street
The parade awards ceremony is at 3 p.m. in the North Kansas City Community Center. The festival aspect of the event will take place from 10 a.m. until 3 p.m., and features activities for people of all ages, carnival rides, food, a car show featuring over 50 race cars, a children’s square with free pony rides, petting zoo, live entertainment and much more!
Want to head from the office straight to the Friday night new release? How about changing up your business meeting location and conducting a meeting in a movie theater? Check out some of the many theaters in the Overland Park area!
1. AMC Town Center 20 – 11701 Nall Ave, Leawood, KS. In addition to offering typical shows and 3D shows, AMC also offers the opportunity to for businesses to rent out a theater for a unique meeting experience. 2. AMC Parkway 14 – 8600 Ward Parkway Kansas City, MO. 3. Rio Theatre – 7204 West 80th Street, Shawnee Mission, KS 66204. Rio is a more eclectic and cozy little theater connected with fine arts groups and cinema festivals in the area, though it does show movies offered at more mainstream theaters. 4. Trailridge Cinema – 7456 Nieman Road, Shawnee Mission, KS. 5. Dickinson Theatres Great Mall 16 Theatre – 20060 W. 151st Olathe, KS. 6. Dickinson Theaters Palazzo 16 Theatre – 8601 W. 135th Street Overland Park, KS.