Retail, Industrial Brokers in Wichita Market Remain Busy

Wichita experienced considerable retail and restaurant expansion throughout 2021, with other new stores planned for 2022. The two biggest new players to Wichita include Top Golf at 29th Street and Greenwich Road, now under construction, and Scheel’s entering the market with a new 220,000-square-foot store to be located in the former Sears space at Towne East Square. Top Golf is anticipated to open in late 2022, spurring more retail activity on North Greenwich. Furniture stores have been …

May 26, 2022Industrial, Kansas, Market Reports, Midwest, Midwest Market Reports, Retail

Sentinel Acquires 404-Unit Apartment Complex in Overland Park, Kansas

OVERLAND PARK, KAN. — Sentinel Real Estate Corp. has acquired Lexington Farms Apartments in the Kansas City suburb of Overland Park. The 404-unit, garden-style apartment complex was originally constructed in 1997. Units average 972 square feet. Two-thirds of the units were recently updated, and Sentinel intends to renovate the remaining units. Amenities include a lounge area, coffee bar, two pools, tennis court, fitness center, dog park and barbecue area. The seller and sales price were not …

May 24, 2022Acquisitions, Kansas, Midwest, Multifamily

JVM Realty Acquires 219-Unit Luxury Apartment Complex in Overland Park, Kansas

OVERLAND PARK, KAN. — JVM Realty Corp. has acquired The Vue, a 219-unit luxury apartment complex in the Kansas City suburb of Overland Park. Hunt Midwest sold the asset for an undisclosed price. Units at The Vue, located at 7201 W. 80th St., average 936 square feet. Completed in 2018, the six-story property includes 7,300 square feet of ground-floor retail space that is leased to tenants such as Parisi Coffee and Evolve Juicery & Kitchen. Amenities include a sundeck, fitness center, …

May 23, 2022Acquisitions, Kansas, Midwest, Multifamily

Dynamic Logistix Signs 44,483 SF Office Lease in Overland Park, Kansas

OVERLAND PARK, KAN. — Dynamic Logistix has signed a lease totaling 44,483 rentable square feet of office space at Overland Park Xchange, a 733,400-square-foot office building in Overland Park. The third-party provider of shipping technology and freight solutions is relocating its headquarters from 7220 W. 98th Terrace in Overland Park. The company is scheduled to take occupancy of its new space today (Friday, April 29). Ryan Schneider of JLL negotiated the lease. Occidental Management owns …

April 29, 2022Kansas, Leasing Activity, Midwest, Office

Newmark Brokers $15.3M Sale of Outpatient Surgery Center in Wichita, Kansas

WICHITA, KAN. — Newmark has brokered the sale of Cypress Surgery Center in Wichita for $15.3 million. The 33,620-square-foot outpatient surgery building is located within the Cypress Medical Park. The property is fully leased to a joint venture between Surgery Partners and a group of 137 local physicians under a long-term lease. The surgery center houses six operating rooms, three pain rooms and two endoscopy suites. Ben Appel and Bert Sanders of Newmark represented both the seller, DeSanto …

April 28, 2022Acquisitions, Healthcare, Kansas, Midwest

Scorpion Biological Services to Build $650M Biomanufacturing Facility in Manhattan, Kansas

MANHATTAN, KAN. — Scorpion Biological Services, a subsidiary of Heat Biologics Inc., is building a new 500,000-square-foot biomanufacturing facility in Manhattan. The $650 million project will create 500 new jobs in the area within the next seven years, according to Gov. Laura Kelly. The facility will support the development of vaccines that enable an accelerated response to global biological threats. The company also intends to provide commercial level development, manufacturing and …

April 22, 2022Development, Healthcare, Kansas, Life Sciences, Midwest

Newmark Zimmer Arranges Sale of 275,000 SF Industrial Property in Edwardsville, Kansas

EDWARDSVILLE, KAN. — Newmark Zimmer has arranged the sale of a 275,000-square-foot industrial property in Edwardsville, a western suburb of Kansas City. The sales price was undisclosed. The cross-dock truck terminal facility, which is fully leased to one tenant, features 335 truck doors and sits on a 126-acre site at 9140 Woodend Road. Originally constructed in 1999, the facility was expanded in 2013 and 2019. Jerry Hopkins, Ken Hedrick, Mark Long, John Hassler and Alex Foshay of Newmark …

March 23, 2022Acquisitions, Industrial, Kansas, Midwest

Hunt Midwest, Park Place Partners Sell Build-to-Rent Community in Kansas for $45.2M

LENEXA, KAN. — Hunt Midwest and Park Place Partners have sold The Fairways Villas at City Center in Lenexa, a southern suburb of Kansas City, for $42.5 million. Colorado-based Griffis/Blessing Inc. purchased the build-to-rent community, which features 80 homes and is situated next to Canyon Farms Golf Course. Hunt Midwest and Park Place Partners completed development of the property in early 2020. The homes average 2,289 square feet across two levels and include a two-car garage. Monthly …

March 16, 2022Acquisitions, Build-For-Rent, Kansas, Midwest

MAG Capital Partners Acquires 30,000 SF Retail Building in Kansas City Via Sale-Leaseback Transaction

KANSAS CITY, KAN. — In a sale-leaseback transaction, MAG Capital Partners LLC has acquired a 30,000-square-foot retail building occupied by Frontier Justice in Kansas City. The purchase price was undisclosed. Frontier Justice a retail destination founded in 2015 by Mike and Bren Brown, offers firing ranges, a café and an exclusive fashion boutique that sells a variety of men’s and women’s apparel, jewelry and home décor. Judd Dunning of DWG Capital Group arranged debt financing for MAG …

March 14, 2022Acquisitions, Kansas, Midwest, Retail

Hunt Midwest to Build 113-Acre Logistics Park in Shawnee, Kansas

SHAWNEE, KAN. — Hunt Midwest is building Heartland Logistics Park on a 113-acre site in Shawnee. The project represents the developer’s first industrial project in the state of Kansas. The site will support up to 1.5 million square feet of industrial space across three to four buildings. Construction is set to begin this month on the first speculative building, which will span 574,732 square feet and feature a clear height of 36 feet, 58 loading dock positions, 69 trailer parking spaces and …

March 10, 2022Development, Industrial, Kansas, Midwest