Missouri

Lee’s Summit, Mo. — A Block & Co.-headed investment group has purchased Summit Fair, a lifestyle center in the Kansas City suburb of Lee’s Summit. Totaling roughly 510,000 square feet, the property is approximately 90 percent leased. Tenants include Dick’s Sporting Goods, H&M, Lululemon, Made in KC Marketplace, Craft Putt, Orangetheory, Pure Barre, Chick-fil-A, DSW, McAlister’s Deli, JC Penney and Missouri Furniture Mart. Sephora and LoveSac are slated to open soon at the center. Block & Co. intends to introduce community-focused events and expand the tenant mix at Summit Fair. …

St. Peters, Mo. — Marcus & Millichap has brokered the $22.1 million sale of Cave Springs Shopping Center, a 176,804-square-foot power center located in the northwest suburb of St. Louis. The property — which is co-anchored by The Edge Fitness Club and Hobby Lobby — was fully leased at the time of sale to tenants including Office Depot, Cycle Gear and LongHorn Steakhouse. The sale included four individual, single-tenant, net-leased outparcel buildings. Craig Fuller, Erin Patton and Scott Wiles of IPA sourced a local buyer in the 1031 exchange. David …

Lee’s Summit, Mo. — North Carolina-based Prudent Growth Partners LLC, has acquired Douglas Square, a 59,451-square-foot shopping center in the Kansas City suburb of Lee’s Summit, for $11.6 million. Built in 1999, the four-building property features a combination of 18 local and national tenants including medical, restaurant and service-oriented businesses. The property was 74 percent leased at the time of sale. The seller was not disclosed.