Lenexa, KS -  Boulder Net Lease Funds, an investment group out of Chicago, IL recently purchased a 105,000-square-foot office building at 10951 Lakeview Avenue in Lenexa, KS for approximately $6.2 million.  Sprint has occupied the building on its current lease since 1983, using the facility exclusively as a large call center.  The facility features cutting edge technology including a high level of power redundancy and several heavy duty high-speed data communication lines. 

The seller, Winston XVII, a Stillwell-based partnership, listed the property for sale in February 2005.  John M. Stephenson and Michael R. Block of Block & Company, Inc., Realtors represented the seller.

According to John M. Stephenson, "This was an excellent opportunity for the seller of this property to capitalize on a very seller friendly market.  This is a unique building, so the seller was fortunate that the timing was perfect."

Since its inception in 1946, Block & Company, Inc. Realtors has evolved into one of the Midwest's leading full-service commercial real estate companies, providing brokerage, property management, development, financial services, investment opportunities and an ever-widening array of services.  Boulder Net Lease Funds is the third largest buyer of Net Leased property in the United States.