Depth of Market
Prior to Sheldon Good & Company's retention, the building languished on the market for an extended period time due to depth of market issues.
The Ambassador Building is a 282,000 SF Class-A office building situated on a 23-acre campus in Kansas City. Originally built for a long-term single occupant as a flagship property, the building was approximately 90% vacant.
Sheldon Good & Company recommended that the seller, Pritzker Realty, utilize an auction to create a deadline for buyers. The property was advertised on Sheldon Good's international platform over an 8-week period.
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