Berkadia Facilitates Sale of Iconic Kansas City, Missouri Multifamily Property Located on the Country Club Plaza
Kansas City, Missouri – August 4, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of The Locarno, a 110-unit, urban core, high rise, multifamily property in Kansas City, Missouri. Senior Director Michael Spero, Director Niko Vrentas, and Associate Director Simon Rodewald of Berkadia Kansas City led the transaction on behalf of the seller Locarno Partners, LLC. The Locarno sold to ELKCO Properties, in joint venture with Leale Capital, both of which are based in Denver, Colorado.
“The Locarno is a signature Kansas City property that generations of Kansas City residents have called home, including myself,” said Spero. “Combining one of Kansas City’s top urban core locations with the new strategy for growth and development at the Country Club Plaza, the future for The Locarno is shining bright. ELKCO Properties and Leale Capital bring an exciting vision to The Locarno, including a strategy that will carefully maintain the historic charm of the property.”
Located at 235 Ward Pkwy, the property affords convenient access to a wide variety of popular area shopping and dining, a multitude of major Metro employers, several area universities and close proximity to Downtown Kansas City. The Locarno was built in 1928 and most recently renovated in the mid-1980s. With unparalleled views of the Country Club Plaza and Brush Creek, the property features 110-apartment units with structured garage parking.
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