Wichita, Kan. — North Carolina-based Prudent Growth Partners has acquired Comotara Center, a 55,650-square-foot neighborhood center located in Wichita, for $7.7 million. Originally constructed in 1985 and expanded in 1987, the center was 93 percent leased at the time of sale to 13 tenants including Dollar Tree, Five Guys, Edward Jones and State Farm.
Overland Park, Kan. — PB Development has signed eight new tenants for the second phase of Bluhawk, a mixed-use development located in the Kansas City suburb of Overland Park. Phase II of the project will include 160,000 square feet of retail, entertainment and dining space. The first two tenants, Spavia Day Spa and JETSET Pilates, are expected to open this fall. In addition, L.L.Bean, Chicken Salad Chick, Brookside Barkery & Bath, Amorino, Everbowl and Bruú Café are anticipated to debut in summer 2027. Current tenants at the property include J.Crew Factory, …
Wichita, Kan. — Movement Musick has unveiled additional plans regarding its downtown Wichita development, including a new grocery store, expanded community gathering space and the project team. The planned 30,000-square-foot urban market concept is being developed in partnership with the Queen family, one of the founding owners of the Price Chopper brand. In addition to leading the capital investment for construction, Movement Musick has structured the partnership to support the store’s operations through its initial growth period. Movement Musick is evaluating a few locations for the store within a two-block …
The department store is gone. The movie theater struggled. So what’s today’s anchor tenant? For PB Development, the answer is youth sports — and their Bluhawk project in Overland Park, Kansas, is making the case. In this Retail Insight interview from ICSC Las Vegas, reporter Nellie Day sits down with Bart Lowen, vice president of development for PB Development, to discuss youth sports — a $50 billion industry that, as Lowen puts it, is as certain as death and taxes. The 600,000-square-foot Bluhawk mixed-use development is anchored by a 400,000-square-foot …
Overland Park, Kan. — JLL Capital Markets has arranged $25.5 million for the refinancing of Overland Crossing, a 140,806-square-foot grocery-anchored center located in the Kansas City suburb of Overland Park. Tenants at the center, which is 94 percent occupied, include a newly constructed Whole Foods, Burlington Coat Factory, Nordstrom Rack and Five Below. The property also features three pad sites. Overland Crossing previously underwent an expansion and redevelopment in 2021, which included the addition of Whole Foods Market. Chris Gandy, Tom Gilliland and Michael Nieder of JLL secured the three-year, floating-rate …
Overland Park, Kan. — PB Development has broken ground on Phase II of Bluhawk, a mixed-use development located in the Kansas City suburb of Overland Park. The second phase of the project will include 160,000 square feet of retail, entertainment and dining space situated directly north of the property’s 420,000-square-foot AdventHealth Sports Park. Phase II of the development will also include gathering spaces to host concerts, farmers markets, community activities and watch parties, and will feature additional landscaping, water features, artwork and intricate architectural details. New tenant announcements are expected in …
Kansas City, Mo. and Overland Park, Kan. — A group of private investors led by LANE4 Property Group has acquired three Kansas City-area shopping centers totaling 421,546 square feet previously owned by MD Management. LANE4 initiated the transaction and structured a recapitalization that allowed some of MD’s investors to remain in the partnership while other owners were able to sell their interests. The portfolio includes Metro North Square in Kansas City, Oak Barry Center in Kansas City and West Park Shopping Center in Overland Park. The properties have been owned …
Leawood, Kan. — KBS has sold Park Place Village, a 10-building, 484,980-square-foot office and retail property in the Kansas City suburb of Leawood. DFW Land was the buyer. Park Place Village was owned by KBS Real Estate Investment Trust III and purchased in 2015. Developed in phases between 2007 and 2013, the property features retail including boutique shops and upscale restaurants. The property was also fully leased at the time of sale. Derek Fohl and Gary Carr of Newmark represented KBS in the sale. Additional team members involved in the transaction …
Merriam, Kan. — Block & Co. Inc. Realtors has facilitated the sale of two retail properties located in Merriam, approximately eight miles south of downtown Kansas City, Missouri, as part of a larger redevelopment project. Situated on the northeast quadrant of I-35 and Shawnee Mission Parkway, Chipotle Mexican Grill and a Shell gas station occupy the buildings. The buyer was an affiliate of locally based Drake Development. David M. Block of Block & Company represented the seller in both transactions. The proposed redevelopment area is located near Ikea, Hobby Lobby, Baron BMW, …
Wichita, Kan. — Industrial Realty Group LLC (IRG) and Provider Real Estate Partners LLC (PREP) have acquired Towne West Square Mall, a 650,000-square-foot shopping mall in southwest Wichita. The partnership plans to redevelop the 60-acre property into a multi-tenant campus called Wichita Business Park. “The City of Wichita is thrilled to have new ownership of this property and is excited about the redevelopment plan proposed by IRG and PREP,” says Wichita Mayor Lily Wu. After nearly 44 years in operation, Towne West Square Mall closed its doors officially over the …
