Royals-Tied Firm Buys 28-Story Kansas City Tower
2345 Real Estate Holdings LLC acquired the office building at 2345 Grand Blvd., near Crown Center, which the Royals confirmed is affiliated with the team.
Updated on Nov. 6, 2026 in Commercial
2345 Real Estate Holdings LLC purchased the 28-story office tower at 2345 Grand Blvd. and a four-story building in the same complex. The Royals confirmed on Thursday that the company is affiliated with the team, and the Kansas City Business Journal first reported the purchase.
Why it matters
The building is about half vacant, and the purchase ties a major downtown office property to the team's ballpark development plans. It adds to the affiliate's earlier acquisition of the former Blue Cross Blue Shield building at 2301 Main St.
The purchase covers a 28-story office tower and a four-story building in the same complex, and the tower is about half vacant. Lathrop GPM has already moved to a nearby location, and no plans for the properties were detailed in the source.
The players
Kansas City Royals
The Kansas City Royals are a Major League Baseball franchise based in Kansas City, Missouri, and the team confirmed the affiliation with the purchasing company.
The details
The affiliate bought the office tower near Crown Center along with a four-story building in the same complex. The Royals confirmed the affiliation on Thursday, days after the Kansas City Business Journal first reported the transaction.
Timeline
Earlier this year: a Royals-tied company bought the former Blue Cross Blue Shield building at 2301 Main St.
This year: Lathrop GPM moved to a nearby location.
Thursday: the Royals confirmed the 2345 Grand Blvd. purchase.
Next year: construction of the future ballpark is expected to begin.
Market Landscape
The purchase places the Royals' affiliate among owners buying office space near the planned ballpark development. It also reflects a pattern of team-linked firms acquiring downtown Kansas City properties as the new stadium project moves forward.
Downtown workers and tenants near Crown Center may see changes in building management and leasing as the new owner takes over the vacant office space. Residents should watch for announcements about the 2301 Main St. property and the ballpark construction timeline.
The takeaway
Downtown Kansas City property deals tied to the Royals are shaping the area around the planned ballpark. Readers following local real estate should track announced plans for the 2301 Main St. building as they are released.
What happens next
Plans for the 2301 Main St. property are expected to be announced, and construction of the future ballpark is expected to begin next year.
Further reading
For more on the market, see Commercial listings in the Kansas City area.
Source note: This article includes information reported by The Kansas City Star.
