Manhattan, Kan. — RockStep Capital has acquired Manhattan Town Center, a 367,000-square-foot shopping center located in Manhattan. Developed in 1987, the property features more than 50 shops and restaurants within a single, enclosed level layout. Tenants include Dillard’s, JCPenney and an AMC Dine-In IMAX Theater.
Overland Park, Kan. — Whole Foods Market will open a 45,791-square-foot store in Overland Park, roughly 12 miles outside Kansas City. The opening of the new store, which is scheduled for Nov. 15, marks the relocation of an existing Overland Park Whole Foods, which has operated since 2007. Darcy Landis, principal local forager for Whole Foods, curated the selection for the store, which will feature more than 750 local items from the greater Kansas area.
San Diego — High Bluff Capital Partners will assume ownership of a portfolio comprising 81 Hardee’s locations following an auction. Located in Alabama, Florida, Georgia, Kansas, Missouri, Montana, South Carolina and Wyoming, the restaurants were previously owned by franchisee Summit Restaurant Group, which filed for Chapter 11 bankruptcy in May of this year. The transaction is expected to close in August. Dave Dixon will oversee operation of the restaurants. “High Bluff is the ideal partner to support our efforts…while making critical investments in restaurant remodels and other initiatives to boost traffic …
Hutchinson, Kan. — Marcus & Millichap has brokered the $6.5 million sale of an 87,119-square-foot retail property in Hutchinson, about 50 miles northwest of Wichita. Hobby Lobby and Bomgaars occupy the building. Mark Ruble and Chris Lind of Marcus & Millichap represented the seller, a limited liability company.
Wichita, Kan. — FunCity Adventure Park has purchased a property comprising a 5.6-acre site and 52,259-square-foot building in Wichita. Sports Authority formerly occupied the building. Don Mace of KeyPoint Partners consulted on the sale on behalf of FunCity, which currently operates 18 locations throughout the country, with additional sites under construction.
Merriam, Kan. — JLL Capital Markets has brokered the sale of Merriam Town Center, a 363,076-square-foot open-air retail center located in Merriam, approximately 10 miles southwest of Kansas City. Built in 1998, the property was 97 percent leased at the time of sale. Tenants include The Home Depot, Dick’s Sporting Goods, Cinemark, Ross Dress for Less and PetSmart. Amy Sands and Michael Nieder of JLL represented the undisclosed seller in the transaction. The R.H. Johnson Co. acquired the property for an undisclosed price.
Irving, Texas — Palm Beach Tan Inc. has acquired tanning chain At the Beach, which comprises 58 salons across Oklahoma, Kansas, Southern California and Colorado. The stores will be operated by franchise entities Bronze Body LLC, Old Trinity Partners LLC and West Coast Tanning. Existing At the Beach customer accounts, memberships, sessions, credits and packages will be transferred to Palm Beach Tan, and all At the Beach employees have been offered positions with Palm Beach. This acquisition brings Palm Beach Tan’s total portfolio to 650 franchised and company-owned locations across …
Overland Park, Kan. — LANE4 Property Group has purchased Hawthorne Plaza, a retail center comprising 135,000 square feet at the southwest corner of 119th St. and Roe Ave. in Overland Park, approximately 10 miles south of Kansas City. CBRE represented the seller, Invesco, in the transaction. Developed in 1990 and renovated in 2015, the property was 96 percent occupied at the time of sale by tenants including The Container Store, Jos A. Bank and The Mixx. Tom O’Leary and Weston Buckley of LANE4 will handle leasing of the property. LANE4 …
Lawrence, Kan. — Quantum Real Estate Advisors Inc. has arranged the $3.5 million sale of a multi-tenant retail strip center located in Lawrence. Jersey Mike’s, which recently signed a new 10-year lease, anchors the property. Zack Hilgendorf of Quantum represented the undisclosed buyer. The property sold to a family office based in Wichita.
Salina, Kan. — Blue West Capital has arranged the $9 million sale of Sunset Plaza in Salina, a city in central Kansas located roughly 100 miles north of Wichita. Dillons, a division of Kroger, anchors the 126,606-square-foot shopping center. The Dillons store was remodeled in 2019, and a fuel center was added in 2020. Originally constructed in 1960, Sunset Plaza was nearly fully leased at the time of sale. Robert Edwards, Zach Wright and Shawn Dickmann of Blue West Capital represented the seller, a Kansas-based private equity real estate company. …
