MSREI expands high-quality net-lease portfolio with Ace Hardware KC facility
Aug 11, 2026, 8:57 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Immediate cash-flow visibility from a long-term Ace Hardware lease; sizable, scale asset in a premier market; off-market nature reduces price discovery risk and may influence MSREI NAV quality.
AI summary
What happened, with direct paths to the underlying reporting
Morgan Stanley Real Estate Investing acquired a 1.5 million-square-foot distribution facility in Kansas City for $158.5 million, leased long-term to Ace Hardware. Located in the KCI 29 Logistics Park megasite, the asset underscores MSREI's focus on mission-critical net-lease properties with credit-worthy tenants. The deal could support stable cash flow and potential NAV uplift given Ace's nationwide distribution needs.
MSREI buys 1.5M sq ft KC facility for $158.5M; Ace Hardware tenant.
Off-market deal from Hunt Midwest at KCI 29 Logistics Park.
Facility features cross-dock, 40-ft clear height, extensive automation.
KC logistics market remains a top distribution hub, supporting stability.
Ace Hardware operates about 5,300 stores in 60 countries.
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