Lawrence, Kan. — Block & Co. Inc. Realtors has arranged the sale of an 83,217-square-foot retail center in Lawrence for an undisclosed price.
The property, formerly occupied by JC Penney, was recently redeveloped into a multi-tenant center. Tenants include Hobby Lobby, Five Below and HomeGoods. An undisclosed buyer purchased the asset from 3311 Iowa Investors LLC as part of a 1031 tax-deferred exchange.