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Morgan Stanley Acquires KC Ace Hardware Facility for $159M

Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing, acquired a newly developed 1.5 million-square-foot distribution facility in Kansas City,

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Summary

Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing, acquired a newly developed 1.

5 million-square-foot distribution facility in Kansas City, Missouri, for $158.

5 million. The property was acquired from Hunt Midwest, which developed the logistics facility as a build-to-suit in 2025, the first phase of KCI 29 Logistics Park. The...

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