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Royals Affiliate Buys Half-Vacant Downtown Tower

Downtown Kansas City renters and property owners should watch how the team's nearby development shapes rents and activity.

Updated on Nov. 6, 2026 in Commercial

Isometric editorial illustration of a tall office tower with a lower attached building on a plain downtown block, under a clear sky.
A Royals-affiliated company bought a half-vacant 28-story downtown Kansas City office tower near Crown Center, as the team plans offices by its future ballpark. AI Illustration. Upload story photo >

2345 Real Estate Holdings LLC purchased the 28-story office tower at 2345 Grand Blvd., near Crown Center in Kansas City, according to a Kansas City Business Journal report. The Royals confirmed on Thursday that the company is affiliated with the team.

Why it matters

For Kansas City households, a large downtown-area office purchase tied to the Royals signals where future development money is heading as the team plans offices near its future ballpark. The tower is about half vacant, so the deal also bears on how commercial space in the core is being absorbed.

The 28-story tower at 2345 Grand Blvd. is about half vacant, and the affiliate also bought a four-story building in the same complex. Lathrop GPM moved to a nearby location this year, and a Royals-tied company bought the former Blue Cross Blue Shield building at 2301 Main St. earlier this year.

The players

Kansas City Royals

The Major League Baseball franchise that confirmed the affiliate's purchase and plans offices near its future ballpark.

Kansas City Business Journal

The local business publication that first reported the purchase of the 2345 Grand Blvd. tower.

Lathrop GPM

A national law firm that moved to a nearby downtown location in Kansas City this year.

The details

The affiliate bought the office tower and the four-story building in the same complex, which sits near Crown Center. The Royals confirmed on Thursday that 2345 Real Estate Holdings LLC is affiliated with the team, and the Kansas City Business Journal first reported the purchase. The team has said it plans to build offices near the future ballpark, which is expected to begin construction next year.

Timeline

  1. Earlier this year: a Royals-tied company bought the former Blue Cross Blue Shield building at 2301 Main St.

  2. This year: Lathrop GPM moved to a nearby location.

  3. Thursday: the Royals confirmed the affiliate's purchase of the 2345 Grand Blvd. tower.

  4. Next year: construction on the future ballpark is expected to begin.

The Home Front

The deal places a half-vacant downtown tower inside a broader push by team-affiliated buyers to acquire office space near Crown Center and the planned ballpark district. For Kansas City households, that trend shapes downtown rents, commercial tax base, and neighborhood activity.

If you rent or own near downtown, watch for announced plans for the 2301 Main St. site and the ballpark district, since new office and retail activity can affect local parking and rents. Households considering downtown property should check current vacancy and listing data with a licensed local agent before making decisions.

The takeaway

A half-vacant downtown tower changing hands signals where Kansas City's commercial real estate is heading, which matters for nearby rents and neighborhood activity. Keep an eye on announced plans for the 2301 Main St. property as a next marker of the district's direction.

What happens next

Plans for the 2301 Main St. property are to be announced, and construction on the future Royals ballpark is expected to begin next year.

Further reading

For more on how commercial property moves are reshaping the city, see Commercial in Kansas City coverage.

Source note: This article includes information reported by The Kansas City Star.