NorthPoint Development has purchased two buildings that were previously part of the 700,000-square-foot Benchmark Home Furnishings complex in Olathe and will convert the space into a business park.
Phillip Algrim, a senior vice president with Jones Lang LaSalle Americas Inc., said the two buildings, which total 400,000 square feet, represent one of the first purchases from a new NorthPoint industrial fund with a capacity for $100 million in commercial property acquisitions and construction in the Kansas City area…