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 …
Missouri
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 …
SimonCRE Purchases 28 Acres to Develop 316,000-Square-Foot Farmington Crossings Retail Center in Southeast Missouri
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 …
Trident Capital Partners Provides $1.5 Million Bridge Loan for Retail Property in Metro Kansas City
Blue Springs, Mo. — Trident Capital Partners has provided a $1.5 million bridge loan for the acquisition of a newly constructed retail property within Copperleaf Shopping Center in Blue Springs. The six-month, full-recourse loan is secured by a first lien on the property, a 4,685-square-foot retail building housed on one of the center’s pad sites. The borrower, a partnership of three private investor groups, acquired the property to maintain control over development and leasing at Copperleaf Shopping Center, a 32,978-square-foot retail center that it purchased in February 2023 for $6.9 …
Arkansas and Missouri — Atlanta-based cheeseburger concept Smalls Sliders has signed a franchise agreement to develop four new units — dubbed Cans — in Northwest Arkansas and Missouri. Brothers Joe and Tim Rheem, along with business partner Johnny Hughes, will own and operate the restaurants. Potential locations include Rogers, Bentonville, Springdale, Fayetteville and Fort Smith, Arkansas, as well as Joplin and Branson, Missouri. Founded in 2019, Smalls Sliders currently has 375 Cans open or under development and is active across 30 states.
St. Louis and Columbia, Mo. — Zaxby’s has signed a franchise agreement with Triple Z Holdings LLC to open seven new restaurants in Missouri. The development plan builds on various multi-unit franchise deals in the Midwest, including locations in Illinois and Ohio. Zaxby’s recently unveiled its newest restaurant in Chicago on Jan. 9, with more openings expected to follow. Zaxby’s currently has over 970 locations in 17 states and is headquartered in Atlanta, Georgia.
Chesterfield, Mo. — The Staenberg Group (TSG) has begun utility work and site grading for Downtown Chesterfield, the redevelopment of the former Chesterfield Mall site into a mixed-use destination in suburban St. Louis. This phase of work includes utility installation and relocation needed to support future development as well as site grading focused on the new road network and the 3.3-acre park that will serve as the centerpiece of Downtown Chesterfield. These early infrastructure improvements help transition the project site from demolition to active development. Plans call for a mix of …