Liberty, Mo. — Marcus & Millichap has brokered the $1.9 million sale of a 10,963-square-foot retail building in Liberty, a northern suburb of Kansas City. The two-tenant property is leased to Hallmark and a salon. Dustin Javitch, Craig Fuller, Erin Patton and Scott Wiles of Marcus & Millichap represented the seller, a limited liability company. David Saverin assisted in closing the transaction as the Missouri broker of record.
Blue Springs, Mo. —Copperleaf Village, located in Blue Springs, about 19 miles southeast of downtown Kansas City, has been sold for $6.9 million. The 32,978-square-foot retail center was 82 percent leased at the time of sale. Tenants include medical, dental, restaurant, convenience, fitness and insurance companies. The property was originally built in 1973 and renovated in 2006. Zach Turner, Scott Wiles, Erin Patton and Craig Fuller of Marcus & Millichap represented the seller, a Kansas City-based partnership. The team also procured the buyer, an out-of-state limited liability company.
St. Peters, Mo. — GBT Realty has sold The Shoppes of Mid Rivers, a 270,000-square-foot retail center located in St. Peters, roughly 35 miles northwest of downtown St. Louis. Jenel Real Estate purchased the property for $40.7 million. Old Navy recently signed a 15,000-square-foot lease at the center, bringing occupancy to 99 percent. Other tenants include Burlington, Academy Sports, HomeGoods, Marshalls, Ross Dress for Less, Ulta Beauty, Five Below, Outback Steakhouse, Cooper’s Hawk Winery & Restaurant, Pappy’s Smokehouse and Gulf Shores Restaurant & Grill. Amy Sands, Clinton Mitchell and Michael …
O’Fallon, Mo. — Hanley Investment Group Real Estate Advisors has arranged the sale of Shops on K, a 20,400-square-foot, multi-tenant retail center located in O’Fallon, roughly 40 miles northwest of St. Louis. Built in 1997, the nine-building property was fully occupied at the time of sale. Tenants include Aaron’s, Advance America Cash Advance, American Family Insurance, Cloud 9 Massage, Stallone’s Formal Wear and Pottery Hollow, as well as a dance academy, fitness center and dog groomer. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the …
Malden, Mo. — Marcus & Millichap has brokered the sale of a 43,770-square-foot retail property occupied by Walmart in Malden, which is part of the Missouri Bootheel in the southeast portion of the state. A limited liability company purchased the net-leased property for $2.9 million in an all-cash transaction. Walmart has five years remaining on its lease. Jared Shapiro, Craig Fuller, Erin Patton and Scott Wiles of Marcus & Millichap represented the seller, a limited liability company and private investor, and secured the buyer in the transaction. David Saverin, Missouri …
Kansas City, Mo. — Block & Co. Inc. Realtors has arranged the sale of Shoppes at Shoal Creek, a 100,000-square-foot retail center located in Kansas City. David Block of Block & Co. brokered the transaction on behalf of the buyer, a group of local investors. The center was fully leased at the time of sale to tenants including Best Buy, Lukas Liquors, La-Z-Boy, Chipotle Mexican Grill and America’s Best. CBRE represented the seller, Pine Tree Development, in the transaction. Block & Co. will handle the leasing and management of the …
Jefferson City, Mo. — Newmark has arranged the sale of a 92,613-square-foot retail building net leased to Orscheln Farm & Home in Jefferson City. The sales price was undisclosed, but the asking price of $6.7 million represented a cap rate of 5.5 percent. Matt Berres, Samer Khalil, Karick Brown, Michael VanBuskirk and Chris Robertson of Newmark represented the seller, a private developer, and procured the undisclosed buyer. Orscheln Farm & Home took occupancy of the property in 2017 and signed a new 15-year lease in 2021. The retailer operates 175 …
Rock Hill, Mo. — Echelon Constructors is underway on the buildout of a new Foss Swim School at the Market at McKnight retail center in Rock Hill, a western suburb of St. Louis. Completion is scheduled for early 2023. The project involves the redevelopment of a 12,000-square-foot space that formerly housed Club Fitness. Foss offers weekly classes, swim camps, family swims and other events for children of all ages. The company operates 22 swim schools in Illinois, Iowa, Missouri, Minnesota, North Dakota and Wisconsin. Echelon has previously built two other …
Kansas City, Mo. — Colliers has brokered the $32 million sale of Twin Creeks Shopping Center in Kansas City. The 257,450-square-foot property is located along North Madison Avenue. The center was 99 percent leased at the time of sale to 14 tenants, including Kohl’s, Ross Dress for Less, Ulta Beauty, Petco, Five Below, Famous Footwear, Bath & Body Works, Spectrum and AT&T. A Target store at the property was not included in the sale. El Warner, Charley Simpson, Caitlin Zirpolo and Drew Quinn of Colliers represented the seller, an entity …
O’Fallon, Mo. — First National Realty Partners has acquired River City Marketplace in O’Fallon, about 37 miles northwest of St. Louis. A 31,000-square-foot Fresh Thyme Market anchors the 158,000-square-foot shopping center. Fresh Thyme has operated at the property since 2015. Additional tenants include Total Wine & More, Ross Dress for Less, Five Below, Kirkland’s and Kay Jewelers. The property was built in 2005, according to LoopNet. Evan Halkias, David Matheis and Link Dierks of Cushman & Wakefield represented the undisclosed seller in the transaction.