Branson, Mo. — Marcus & Millichap has brokered the $9.1 million sale of Lakeside Shoppes at Branson Landing, a 30,763-square-foot retail strip center in Branson. Built in 2015, the property is located directly adjacent to Branson Landing, a $435 million waterfront development situated on 95 acres along the banks of Lake Taneycomo. Tenants at the center include Qdoba Mexican Grill, Tropical Smoothie Café, Cold Stone Creamery and Pappo’s Pizzeria & Pub. Chris Garavaglia, Alex Perez and Austin Sweet of Marcus & Millichap represented the seller, a limited liability company. The buyer …
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High Bluff Capital to Acquire 81-Restaurant Hardee’s Portfolio
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 …
Chesterfield, Mo. — Keystone Construction Co. has completed Hub Stl, a $4 million outdoor entertainment space at The District of St. Louis in Chesterfield, roughly 20 miles outside St. Louis. The District is devoted to live music, food and beverage concepts and retail space. Construction on Hub Stl, which features a performance stage and viewing area with a 400-person capacity, began last fall. A large LED screen and sound and lighting system will be installed later this summer. The performance area will be encircled by local restaurants with patios, a brewery …
Kansas City, Mo. — IAS Partners has begun development of a 15,000-square-foot, multi-tenant retail and restaurant building at Metro North Crossing, a mixed-use project in Kansas City. The facility is located adjacent to the newly opened Hawaiian Bros Island Grill and Whataburger. Construction of the shell building is scheduled for December, with tenants expected to open in spring 2024. Metro North Crossing is also home to T-Shotz, a 52,000-square-foot golf entertainment venue.
Farmington, Mo. — Axiom Capital Corp. has arranged a $3 million fixed-rate permanent loan for the refinancing of a freestanding single-tenant retail building located in Farmington. Built in 2016, the property comprises a 51,373-square-foot building with 162 parking spaces on 3.9 acres.
Osage Beach, Mo. — SkyView Partners and Tegethoff Development, along with Fred Ross, owner of Big Thunder Marine, are set to begin construction this summer on Oasis at Lakeport in Osage Beach within Missouri’s Lake of the Ozarks. The $350 million family resort and entertainment district will span 25 acres. The development team most recently announced an agreement with Marriott International for the construction of a 400-room, full-service Marriott Hotels property as part of the project. The hotel, to be managed by Texas-based Aimbridge Hospitality, will feature a 26,000-square-foot conference …
Kansas City, Mo. — Developer Michael Zeller and his project team are underway on the redevelopment of Rock Island Bridge in Kansas City. The bridge is a historical landmark dating back to 1906 that is being transformed into a recreational space. Plans call for 11,000 square feet of multipurpose space for open-air food courts, a food hall with industrial kitchens, office, retail and 8,000 square feet of event space with a removable cover and open-air veranda. Construction began in February and is slated for completion in spring 2024. MultiStudio, formerly …
Liberty, Mo. — Marcus & Millichap has brokered the $1.9 million sale of a 10,963-square-foot retail building in Liberty, a northern suburb of Kansas City. The two-tenant property is leased to Hallmark and a salon. Dustin Javitch, Craig Fuller, Erin Patton and Scott Wiles of Marcus & Millichap represented the seller, a limited liability company. David Saverin assisted in closing the transaction as the Missouri broker of record.
Blue Springs, Mo. —Copperleaf Village, located in Blue Springs, about 19 miles southeast of downtown Kansas City, has been sold for $6.9 million. The 32,978-square-foot retail center was 82 percent leased at the time of sale. Tenants include medical, dental, restaurant, convenience, fitness and insurance companies. The property was originally built in 1973 and renovated in 2006. Zach Turner, Scott Wiles, Erin Patton and Craig Fuller of Marcus & Millichap represented the seller, a Kansas City-based partnership. The team also procured the buyer, an out-of-state limited liability company.
St. Peters, Mo. — GBT Realty has sold The Shoppes of Mid Rivers, a 270,000-square-foot retail center located in St. Peters, roughly 35 miles northwest of downtown St. Louis. Jenel Real Estate purchased the property for $40.7 million. Old Navy recently signed a 15,000-square-foot lease at the center, bringing occupancy to 99 percent. Other tenants include Burlington, Academy Sports, HomeGoods, Marshalls, Ross Dress for Less, Ulta Beauty, Five Below, Outback Steakhouse, Cooper’s Hawk Winery & Restaurant, Pappy’s Smokehouse and Gulf Shores Restaurant & Grill. Amy Sands, Clinton Mitchell and Michael …