St. Louis — CBL Properties has received a $135 million refinancing of its mortgage loan for West County Center, a 1.2 million-square-foot regional mall located in St. Louis. The new loan, which replaces an existing $136.4 million loan that was scheduled to mature in December, carries a five-year term with a fixed interest rate of 7.4 percent. After repayment of the maturing loan and the release of existing escrow balances, CBL received roughly $2 million in net proceeds from the new financing. The financing also removes the cash management sweep associated …
Liberty, Mo. — Newmark has brokered the $20 million sale of Liberty Corners, a 125,000-square-foot shopping center located in the Kansas City suburb of Liberty. The property is anchored by a 56,000-square-foot Price Choppers, which has been a tenant at the property since 1986. Price Chopper is extending its lease through 2037 and will be investing approximately $6.5 million to remodel its store. Additional tenants include Dollar Tree and Chipotle Mexican Grill. Conor Lalor, Keely Polczynski, Tim McKay, Brian Schneiderman and Tim McKay of Newmark represented the seller, Brixmor Property Group, …
Blaine, Minn. and Liberty, Mo. — First Washington Realty (FWR) has acquired two grocery-anchored shopping centers in Minnesota and Missouri for a combined value in excess of $65 million. The acquisitions expand FWR’s portfolio to 21.9 million square feet across 21 states. The Village of Blaine is a 220,685-square-foot center in Blaine, Minnesota, and Liberty Corners is a 124,808-square-foot property anchored by a 56,000-square-foot Cosentino’s Price Chopper store in Liberty, Missouri. Additional tenants include Chipotle Mexican Grill and The Big Biscuit.
Kansas City, Mo. — Gart Properties has acquired Village at Burlington Creek, a 158,000-square-foot shopping center located in Kansas City. Sprouts Farmers Market anchors the property, which was 83 percent leased at the time of sale. Other tenants include Orangetheory Fitness, Club Pilates, Caribou Coffee and Taco Bell, among others. Chris Robertson of Newmark Zimmer represented the buyer in the transaction. PNC Bank financed the acquisition. Inland Real Estate Income Trust was the seller.
Kansas City, Mo. — The Kansas City Symphony has unveiled plans to develop a new live music venue in the city’s South Plaza district. The indoor venue, designed for audiences of up to 4,600 guests and targeted to open in 2028, will host touring artists and support a limited number of Symphony performances that benefit from amplified or enhanced production formats. The project will also be designed to support the screening of films with live orchestra. Located at 4901 Main St., the venue will be walkable to the Country Club …
Chesterfield, Mo. — Gantry has arranged a $22 million permanent loan to refinance maturing debt for Chesterfield Commons, a 750,000-square-foot power center located in Chesterfield, approximately 22 miles west of St. Louis. Joe Monteleone and Rulin Dai of Gantry secured the five-year, fixed-rate, nonrecourse loan through one of Gantry’s correspondent insurance company lenders on behalf of the borrower, a private real estate investor. Gantry will service the loan. Chesterfield Commons is anchored by Walmart, Sam’s Club, Best Buy and Ross. The center features a mix of 40 additional tenants, including …
Farmington, Mo. — SimonCRE has purchased roughly 28 acres of land to develop Farmington Crossings, a 316,064-square-foot open-air center located in Farmington, approximately 75 miles southwest of St. Louis. Situated at the gateway to St. Joe State Park, Farmington Crossings will include a 129,000-square-foot national big box retailer, which will be disclosed at a later date, as well as a 55,000-square-foot Academy Sports store. The developer has also secured a lease with Burlington, which is set to join a range of national soft goods retailers ranging in size from 22,000 …
Kennett, Mo. — Marcus & Millichap has arranged the $7 million sale of Bootheel Plaza, a 126,193-square-foot shopping center located in Kennett, just three miles east of the Arkansas border. Built in 1973 on roughly 11.3 acres, Bootheel Plaza features 23 retail suites and is anchored by Tractor Supply. Other tenants at the center include Bealls, Dollar Tree, Hibbett Sports, Shoe Sensation, AT&T and AutoZone, according to LoopNet Inc. Austin Sweet, Chris Garavaglia and Alex Perez of Marcus & Millichap’s St. Louis office marketed the property on behalf of the seller …
Kansas City, Mo. — Block & Co. Inc. Realtors has negotiated the sale of New Mark Shopping Center, an 81,884-square-foot neighborhood center located at North Oak Trafficway and 102nd Street in Kansas City. A 52,000-square-foot Sun Fresh Grocery anchors the center, which was 95 percent leased at the time of sale. David Block and Jay Friedman of Block & Co. represented the seller in the transaction. The buyer, an out-of-state investor, purchased New Mark Shopping Center for an undisclosed price. Block & Co. has managed and leased New Mark since acquiring the property in …
Belmar, N.J. — Belmar, New Jersey-based Playa Bowls, a fast-causal restaurant chain that specializes in açai bowls, smoothies and fruit juices, has signed three multi-unit franchise agreements spanning Nevada, South Carolina and Missouri. Husband-and-wife teams Justin and Hannah Kirkland, alongside Craig and Diana Kirkland, will own and operate 10 restaurants in Southern Nevada. Brittany and Jeff Ciaramita have signed a five-unit development agreement in Missouri, marking the brand’s introduction to the state. Potential locations include Ladue, Central West End, Creve Coeur, Town and Country and Chesterfield, with the first location …
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