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River-City-Marketplace
Grocery-anchoredInvestment salesMissouriNews

First National Realty Partners Acquires 158,000-Square-Foot Shopping Center in Metro St. Louis

by Hayden Spiess

O’Fallon, Mo. — First National Realty Partners has acquired River City Marketplace in O’Fallon, about 37 miles northwest of St. Louis. A 31,000-square-foot Fresh Thyme Market anchors the 158,000-square-foot shopping center. Fresh Thyme has operated at the property since 2015. Additional tenants include Total Wine & More, Ross Dress for Less, Five Below, Kirkland’s and Kay Jewelers. The property was built in 2005, according to LoopNet. Evan Halkias, David Matheis and Link Dierks of Cushman & Wakefield represented the undisclosed seller in the transaction.

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Puttshack
ArizonaColoradoCompany newsFloridaGeorgiaIllinoisMassachusettsMissouriNewsPennsylvaniaTennesseeTexas

Puttshack Raises $150 Million in Growth Capital, Unveils Expansion Plans

by Hayden Spiess

Chicago — Chicago-based Puttshack, an indoor mini golf venue, has completed a growth capital round of $150 million from funds managed by BlackRock and continued support from Promethean Investments. The new funding will support Puttshack’s rapid growth strategy across the United States. New venues in Boston and Miami are scheduled to open this fall, followed by one in St. Louis this winter. Additional locations in Dallas, Denver, Houston, Nashville, Philadelphia, Pittsburgh and Scottsdale, plus a second location in Atlanta, are all slated to open in 2023. Additional U.S. locations will …

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North-Oaks-Plaza
Grocery-anchoredInvestment salesMissouriNews

Mid-America Real Estate Corp. Brokers Sale of 268,893-Square-Foot Shopping Center in Metro St. Louis

by Hayden Spiess

Northwoods, Mo. — Mid-America Real Estate Corp.’s Investment Sales Group has arranged the sale of North Oaks Plaza, a 268,893-square-foot shopping center located in Northwoods, roughly 8 miles northwest of St. Louis. Emily Gadomski and Ben Wineman of Mid-America, in association with Tim McFarland of Sansone Group, represented the private seller in the 1031 exchange transaction. The grocery-anchored property was 74 percent leased at the time of sale to tenants including Save A Lot, Citi Trends, St. Louis County Career Center & Workforce Training, Fresenius Medical Care and H&R Block.

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SummitWoods-Crossing
Investment salesMissouriNews

Rainier Cos. Acquires 545,204-Square-Foot Shopping Center in Metro Kansas City

by Katie Sloan

Lee’s Summit, Mo. — The Rainier Cos. has acquired SummitWoods Crossing in Lee’s Summit within metro Kansas City for an undisclosed price. The 545,204-square-foot, Class A shopping center opened in 2001. Some of the tenants include T.J. Maxx, Bed Bath & Beyond, Old Navy, Kohl’s, Petco and Ulta Beauty. The transaction marks Rainier’s 13th shopping center acquisition in the last five years and grows its retail portfolio to more than 5 million square feet nationally. Sunny Sajnani of Institutional Property Advisors, a division of Marcus & Millichap, arranged a five-year …

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Starbucks-North-Kansas-City
Investment salesMissouriNews

Hanley Investment Group Brokers $2.3 Million Sale of Starbucks-Occupied Property in North Kansas City

by Katie Sloan

North Kansas City, Mo. — Hanley Investment Group Real Estate Advisors has brokered the $2.3 million sale of a single-tenant property occupied by Starbucks Coffee in North Kansas City. The newly constructed building, which features a drive-thru, is located at 1930 Diamond Parkway near I-35. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the seller and developer, Woodsonia Real Estate Inc. A Warrensburg, Missouri-based private investor was the buyer.

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CaliforniaFinanceMissouriNews

BridgeCore Funds $3.6 Million Loan for 7-Eleven Location in California, Taco Bell in Missouri

by Julia Sanders

Santa Ana, Calif. and Warsaw, Mo. — BridgeCore has funded a $3.6 million bridge loan to finance the purchase of a to-be-built retail building that 7-Eleven will occupy in Santa Ana. The loan was cross-collateralized with a Taco Bell-occupied property in Warsaw. The name of the borrower was not released. The loan features a 12-month term with six months of yield maintenance, which will allow the seller of the 7-Eleven property to complete its construction of the build-to-suit on behalf of the borrower and meet its delivery obligations to 7-Eleven.

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LeasingMissouriNews

Salon Service Group Opens at Red Bridge Shopping Center in Kansas City

by Julia Sanders

Kansas City, Mo. — Salon Service Group, a wholesale salon product distributor for licensed cosmetologists, has opened within a 2,000-square-foot space at Red Bridge Shopping Center in Kansas City. Lane4 Property Group manages the center, which has welcomed 12 new tenants since its redevelopment in 2018. Salon Service Group operates 51 locations in 11 states, four of which are in metro Kansas City.

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Hawthorn Mall
DevelopmentGeorgiaMissouriNews

Two Class B Mall Redevelopment Projects Near Atlanta, St. Louis Unveiled

by Julia Sanders

North Decatur, Ga. and Crestwood, Mo. — Real estate developer EDENS and the City of Crestwood have separately announced two massive mall redevelopment projects in the Atlanta and St. Louis metropolitan areas, respectively. The redevelopment of Class B malls into mixed-use, open-air centers has continued to grow in popularity as shopping center owners and operators look to contend with e-commerce through the delivery of thoughtful spaces that provide an experience for visitors. North Dekalb Mall EDENS purchased North Dekalb Mall last year with plans to redevelop the property into a …

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LeasingMissouriNews

St. Louis Funny Bone Comedy Club Opens at Streets of St. Charles

by Julia Sanders

St. Charles, Mo. — St. Louis Funny Bone Comedy Club has opened a new location at the Streets of St. Charles, a 27-acre mixed-use development in suburban St. Louis. The family-owned comedy club has operated in St. Louis for more than 30 years. The club hosts talent from the St. Louis area as well as nationally touring comedians and hosts a weekly open mic night on Tuesdays. Jerry Kubach is the club’s owner. Cullinan Properties Ltd., the owner of Streets of St. Charles, also unveiled new tenants at the property …

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Adams Dairy Landing
Investment salesMissouriNews

JLL Brokers Sale of Adam’s Dairy Landing Shopping Center in Metro Kansas City

by Julia Sanders

Blue Spring, Mo. — JLL Capital Markets has brokered the sale of Adam’s Dairy Landing, a 279,843-square-foot open-air shopping center in the Kansas City suburb of Blue Spring. The property is 96 percent leased to tenants such as TJ Maxx, HomeGoods, Dollar Tree, Ross Dress for Less, Petco, Michaels, Old Navy, Ulta Beauty and Five Below. Built in 2010, the shopping center sits on more than 33 acres at 800 NE Coronado Drive. Clinton Mitchell, Amy Sands, Michael Nieder and Jim Gates of JLL represented the seller, a private investment …

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