YRC Worldwide Inc.’s headquarters has joined the assets the trucking titan has been shipping off to raise cash.
But it didn’t go far. A group of local investors led by Ken Block and Steve Block, principals of Kansas City real estate firm Block Real Estate Services, LLC, bought the Overland Park headquarters in a sale-leaseback deal that includes a potential 30-year lease for YRC. The company did not disclose the price or buyer, and Ken Block said he couldn’t comment because of a confidentiality agreement, but a YRC Securities and Exchange Commission filing suggests the purchase price was $22.5 million.
Provided by the Kansas City Business Journal
Date: 5/29/2009