AREA Real Estate Advisors, CBRE and KBS, one of the largest investors in premier commercial real estate in the nation, have announced that Plate Restaurant is expanding its footprint with a second location at Park Place Village. The property is a 483,984 square foot mixed-use retail and office property located in Leawood, Kansas owned by KBS Real Estate Investment Trust III .
AREA agent Rich DuVall handled the leasing transaction on behalf of Plate. According to DuVall, “Park Place is the ideal location for this restaurant’s loyal customer base. There is a need for the taste of central Italy, especially their traditional pizzas, in Leawood, and there’s no better location for that than the top-quality office and retail property that Park Place has always been.”
The opening of the new eatery represents KBS’ deep expertise in identifying dining amenities that are attractive to tenants at its properties and fit into the live/work/play environment that people are looking for, according to Dan Park, asset manager for Park Place Village and senior vice president at KBS.
“Plate is a local culinary favorite that is in high demand in the Leawood market,” says Park. “Adding this dining option to Park Place brings tenants, local residents, and visitors one more reason to appreciate this Class A asset and consider it one of the prime mixed-use properties in the region.”
Park Place Village is a 10-building complex that offers a variety of amenities including boutique shops, upscale restaurants and cafés. The surrounding area features parking garages, the Aloft Hotel, 120 apartments, 30 townhouses, and 27 lofts.
CBRE’s Matt Rau handled the leasing transaction on behalf of KBS.
“Park Place is an iconic mixed-use destination that draws in high-quality tenants seeking the very best amenities in the Leawood market,” says Rau, a senior associate. “As one of the most popular restaurants in this region, Plate is a perfect match with the property and will be a win-win with tenants and visitors alike.”
Plate will occupy the former California Pizza Kitchen space at the property, which is located at 11655 Ash Street, beginning in Fall 2021. The modern Italian eatery, created by local restauranteur Christian Joseph in 2014, features an award-winning dining experience, with menu items that include homemade pizza, pasta, focaccia and other regional favorites prepared daily in the scratch kitchen.
“For us, it is truly all about hospitality and the guest experience,” says Joseph. “When we realized we needed a second location to cater to our burgeoning customer base, we knew that Park Place in Leawood was ideal for our first expansion. We are thrilled to be able to bring our next-level dining experience to this location.”
Plate’s original location is located in Brookside at 701 E 63rd Street, a relocation after the restaurant’s original site was destroyed by a fire in 2017. The eatery currently serves lunch, happy hour, dinner and weekend brunch with indoor and outdoor seating.