Missouri Archives - REBusinessOnline

CBRE Arranges Sale of Six-Property Hilton Hotel Portfolio Across Three States

Kristin Harlow — Fri, 13 Mar 2026 13:56:33 +0000

EFFINGHAM, ILL., JOPLIN, MO. AND PADUCAH, KY. — CBRE has arranged the sale of a six-property, 589-room Hilton select-service and extended-stay hotel portfolio located across Illinois, Missouri and Kentucky. Chatham Lodging Trust acquired the portfolio. Nate Sahn and James Foxx of CBRE represented the seller, McHugh Hospitality Group. The properties include Home2 Suites Effingham, Hampton Inn & Suites Effingham, Home2 Suites Joplin, Homewood Suites Joplin, Hampton Inn & Suites Paducah and Homewood Suites Paducah. Several of the assets received recent renovations.

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Gantry Secures $25.5M Refinancing for Logistics Facility in Riverside, Missouri

Kristin Harlow — Thu, 12 Mar 2026 13:29:26 +0000

RIVERSIDE, MO. — Gantry has secured a $25.5 million permanent loan to retire maturing construction debt from the development of Riverside Logistics Centre II, a 328,000-square-foot, multi-tenant logistics facility in the northwest Kansas City suburb of Riverside. The building features a clear height of 36 feet, 36 overhead dock doors, four drive-in doors and parking for 88 trailers. Mark Reichter and Alec Frook of Gantry represented the borrower, a private real estate investor. A life insurance company provided the nonrecourse loan, which features a seven-year term, fixed interest rate and 27-year amortization.

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Block & Co. Brokers Sale of 81,884 SF Shopping Center in Kansas City

Kristin Harlow — Thu, 12 Mar 2026 13:28:02 +0000

KANSAS CITY, MO. — Block & Co. Inc. Realtors has brokered the sale of the New Mark Shopping Center, an 81,884-square-foot neighborhood retail center in Kansas City anchored by a 52,000-square-foot Sun Fresh Grocery store. The property was 95 percent leased at the time of sale. Block & Co. originally purchased the center in 2001, one year after it was developed by Associated Wholesale Grocers. Since that time, Block & Co. served as the leasing and property management company for the shopping center. David Block and Jay Friedman of Block & Co. negotiated the investment sale on behalf of the property ownership.

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Cavan Cos. to Develop 153-Unit Build-to-Rent Community in Kansas City

Kristin Harlow — Tue, 10 Mar 2026 13:10:59 +0000

KANSAS CITY, MO. — Cavan Cos. has unveiled plans to develop The Bungalows at Maple Woods, a 153-unit build-to-rent (BTR) community in Kansas City’s Northland corridor. Horizontal construction is expected to begin in June, with vertical construction anticipated six to eight months thereafter. The 16-acre site is located near Maple Woods Community College. The single-story residences will come in one-, two- and three-bedroom layouts with private fenced backyards, garages and access to a community clubhouse and fitness center. Cavan’s expansion into the Kansas City market builds upon its existing presence in Omaha, where the company operates two BTR communities and is in the process of closing on a third location. The Bungalows is its flagship brand.

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Six Flags to Sell Seven Theme Parks to EPR Properties for $331M

Abby Cox — Fri, 06 Mar 2026 12:45:00 +0000

CHARLOTTE, N.C. AND KANSAS CITY, MO. — Charlotte-based Six Flags Entertainment Corp. (NYSE: FUN), the world’s largest regional theme park operator, has entered into a definitive agreement to sell seven of its amusement parks for $331 million in cash. Kansas City-based EPR Properties (NYSE: EPR), an experiential and entertainment real estate investment trust, was the buyer. The parks total more than 1,600 acres combined and draw approximately 4.5 million visitors annually. “Consistent with our strategy, this divestiture enables us to concentrate our capital, leadership and operational focus on the properties that we believe generate the strongest returns and offer the greatest long-term upside,” says John Reilly, president and CEO of Six Flags. Six Flags will sell a list of parks including Valleyfair in Minneapolis; Worlds of Fun in Kansas City; Michigan’s Adventure in Grand Rapids, Mich.; Schlitterbahn Waterpark Galveston in Galveston, Texas; Six Flags St. Louis in St. Louis; Six Flags Great Escape in Queensbury, N.Y.; and Six Flags La Ronde in Montreal. Florida-based Enchanted Parks, a newly formed owner-operator entity that was formerly known as Innovative Attraction Management, is partnering with EPR Properties to lease and operate the six U.S. parks, while La Ronde Operations Inc. will lease and operate…

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Core Spaces Acquires 972-Bed Student Housing Community Near University of Missouri

Kristin Harlow — Thu, 05 Mar 2026 14:11:12 +0000

COLUMBIA, MO. — Core Spaces has acquired The Collective at Columbia, a 972-bed student housing community near the University of Missouri in Columbia. Preiss and a real estate fund advised by Crow Holdings Capital sold the 318-unit property. Located at 3600 Aspen Heights Parkway, The Collective at Columbia offers a mix of two- to four-bedroom floor plans, all in cottage-style layouts. Amenities include a pool, clubhouse, fitness center, sand volleyball court, basketball court, dedicated study lounges and a private shuttle providing direct access to campus. The property is currently fully occupied. The acquisition marks Chicago-based Core’s first investment in Columbia.

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Colliers Brokers Sale of 748,833 SF Industrial Property in Platte City, Missouri

Kristin Harlow — Wed, 04 Mar 2026 14:44:07 +0000

PLATTE CITY, MO. — Colliers has brokered the sale of a 748,833-square-foot industrial facility in Platte City within metro Kansas City. Constructed in 2024, the distribution building is fully leased to Central Power Systems & Services under a long-term lease. The property features a clear height of 36 feet, 463 auto parking stalls, 74 dock doors and seven drive-in doors. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel and John Stafford of Colliers represented the seller, VanTrust Real Estate. The buyer was undisclosed.

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Hunt Midwest Forms Build-to-Suit Joint Venture with Prologis at Two Kansas City Industrial Parks

Kristin Harlow — Mon, 02 Mar 2026 14:46:19 +0000

KANSAS CITY, MO. — Hunt Midwest has formed a build-to-suit joint venture with Prologis at two Hunt Midwest-owned industrial parks in Kansas City. The 3,300-acre KCI 29 Logistics Park, Missouri’s largest industrial megasite under single ownership planned for up to 20 million square feet of industrial development, anchors the new partnership alongside the nearby Five Star Logistics Park, which is capable of supporting up to 800,000 square feet of Class A industrial space. “This partnership is a tremendous opportunity to align Hunt Midwest’s local resources with Prologis’ global user relationships to ensure Kansas City and Missouri are competing for the most impactful logistics projects,” says Ora Reynolds, president and CEO of Hunt Midwest. Hunt Midwest says the new agreement will also bolster the entire Kansas City area’s reach with site selectors, brokers, industry leaders and other clients to drive economic development in the region.

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Sansone Group, Mia Rose Holdings to Build $55M Multifamily Project Near St. Louis

Kristin Harlow — Thu, 19 Feb 2026 13:56:33 +0000

ST. PETERS, MO. — Sansone Group and Mia Rose Holdings are building The Preston at City Center, a $55 million multifamily project in St. Peters near St. Louis. The 216-unit development marks the launch of a new partnership between the two firms. The Preston at City Center will feature one-, two- and three-bedroom units. Amenities will include a pool, fitness center, coworking lounge, dog park and a ground-leased Exit 11 Coffee outlot. The developers closed on the land this month. Construction is expected to begin in April, with completion slated for the third quarter of 2027.

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Prime Office Space in St. Louis: Scarcity and Strategy

Kristin Harlow — Thu, 19 Feb 2026 13:53:00 +0000

By Joshua Allen and David Kelpe, JLL One year ago, CBRE Research forecasted a shortage of prime office space in Heartland Real Estate Business. That prediction has proven accurate. Since the beginning of 2025, demand for top-tier office space has continued to drive leasing activity across the region. This persistent appetite for quality has pushed prime Class A availability to record lows, creating a competitive environment for tenants and landlords alike. The St. Louis office market encompasses approximately 53 million square feet of competitive space. Yet, a closer look reveals a critical challenge: 73 percent of this inventory was constructed before the 1990s. This aging supply base means that only 2.6 million square feet qualifies as truly “prime” — the newest, most desirable assets located in walkable urban areas with abundant amenities. These buildings represent the gold standard for tenants seeking modern design, energy efficiency and proximity to vibrant neighborhoods. Currently, prime Class A availability sits at a mere 5.5 percent, a stark contrast to the 25.2 percent average for non-prime Class A assets. This gap reflects a clear and ongoing preference among tenants for buildings that combine high-quality construction with strategic location. In short, companies are willing to pay…

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Trident Capital Partners Provides $1.5M Bridge Loan for Retail Property in Metro Kansas City

Kristin Harlow — Tue, 17 Feb 2026 13:50:55 +0000

BLUE SPRINGS, MO. — Trident Capital Partners has provided a $1.5 million bridge loan for the acquisition of a newly constructed retail property within the 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 tenant selection at the Copperleaf Shopping Center, a 32,978-square-foot retail center that it purchased in February 2023 for $6.9 million. The outparcel building is partially leased to two national restaurant concepts, including Dutch Bros Coffee and Qdoba Mexican Eats. An additional 1,775 square feet remains available.

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Paris Brothers to Open New Headquarters in Kansas City’s Power & Light District

Kristin Harlow — Mon, 16 Feb 2026 14:41:39 +0000

KANSAS CITY, MO. — Paris Brothers, a Kansas City-based global food and beverage company, has finalized a new seven-year lease for a headquarters office in Kansas City’s Power & Light District. The company will relocate its corporate team to a 16,000-square-foot space at 13th Street and Baltimore Avenue. Paris Brothers is best known as the parent company of Parisi Coffee. The new space will enable the company to better host partners and develop new products, according to a release. Paris Brothers expects to open the new office in advance of the World Cup, of which Kansas City is one of the host cities.

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Block & Co. Brokers Sale of 9,500 SF Retail Strip Center in Belton, Missouri

Kristin Harlow — Fri, 13 Feb 2026 14:12:55 +0000

BELTON, MO. — Block & Co. Inc. Realtors has brokered the sale of Belton Center, a 9,500-square-foot retail strip center in Belton. Block & Co. principals played a key role in the property’s original development in 2002 and have served as the ownership and property management company since its completion. The seller was the original owner of the center, and this transaction marks the first sale of the fully leased property since it was built. Block & Co. will continue to provide leasing and property management services for the new ownership. David Block, Zachary Albrecht and Grant Summers of Block & Co. represented the seller. The buyer was an out-of-state investor.

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LouMin Holdings Buys 57-Unit Townhome Community in St. Charles, Missouri

Kristin Harlow — Thu, 12 Feb 2026 14:00:18 +0000

ST. CHARLES, MO. — LouMin Holdings has acquired Springwell Village, a 57-unit single-family and townhome rental community in the St. Louis suburb of St. Charles. Springwell Village features two- and three-bedroom floor plans. Select homes include basements and there is a combination of attached and detached garages. Amenities include a walking trail, covered community pavilion with barbecue area and pet-friendly outdoor spaces. Capital Eleven Management will assume day-to-day operations.

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Why Data Centers Are Emerging as a Defining Opportunity for the St. Louis Region

Kristin Harlow — Thu, 12 Feb 2026 13:51:00 +0000

By David Steinbach, JLL As artificial intelligence (AI) acceleration, cloud expansion and high-performance computing reshape the digital economy, cities across the U.S. are reevaluating whether they can meaningfully compete for data center investment. St. Louis is increasingly part of that national conversation — and the reasons are structural, not speculative. With competitive power pricing, repurposable industrial infrastructure, developable land and a strengthening policy framework, the region is positioned to capture the next wave of large-scale digital infrastructure. This moment represents more than a real estate opportunity. It’s an inflection point that could redefine the region’s industrial future if public and private stakeholders act in alignment. Cost, infrastructure profile Data center site selection begins with power and connectivity, and St. Louis offers meaningful advantages on both. Missouri’s industrial electricity rates continue to trend below the national average, with the state at 7.69 cents per kilowatt-hour compared with the U.S. industrial average of 8.65 cents per kilowatt-hour, according to the latest EIA data. This is a significant differentiator for large-scale campuses with substantial, long-duration energy needs. The region’s legacy industrial and former generation sites also come with high capacity transmission infrastructure that can be repurposed, reducing both development timelines and the cost…

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Sansone Group, Mia Rose Holdings Create Partnership for Multifamily, Mixed-Use Developments

Kristin Harlow — Mon, 09 Feb 2026 12:58:23 +0000

ST. LOUIS AND FESTUS, MO. — Sansone Group and Mia Rose Holdings LLC have created a strategic partnership to collaborate on select multifamily and mixed-use opportunities. The partnership will leverage the firms’ combined expertise in site selection, design oversight, construction management and asset performance. Festus, Mo.-based Mia Rose Holdings has delivered more than 3,000 residential units across 18 communities. St. Louis-based Sansone Group has developed more than 50 million square feet nationwide. The firms will share project-specific announcements resulting from the partnership in the near future.

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Multifamily Is Needed for All Income Levels in Kansas City

Kristin Harlow — Thu, 05 Feb 2026 13:33:00 +0000

By Doug Stockman, Helix Architecture + Design Straddling two states, Kansas City is one of the country’s most distinctive real estate markets. Since 1992, our firm has designed workplace, cultural, higher education and multifamily projects of all types in the city, with specialized expertise in adaptive reuse. We see multifamily as the most active segment in 2026. Compared with other states, Missouri’s support for new housing projects is about average. Kansas is near the bottom, because the state lacks the revenue to incentivize housing. Inventory on the Kansas side is also less, with most multifamily housing located outside the city. Looking ahead, low-income housing tax credit (LIHTC) incentives will ideally accelerate Kansas City’s biggest market demand — affordable housing. The Kansas City Affordable Housing Set-Aside Ordinance presents some obstacles. To receive city subsidies, multifamily developments must have 12 or more units, 20 percent of which need to be affordable for households earning 60 percent or less of the area median income (AMI). Alternately, developers can pay $100,000 into the city’s Affordable Housing Trust Fund. Further, developers must navigate a complex process of zoning approvals and community engagement meetings that culminates with a city council hearing. If approved, developers on the Missouri…

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Kansas City Leads By Example: How to Balance Growth and Heritage in Legacy Neighborhoods

Kristin Harlow — Thu, 29 Jan 2026 13:30:00 +0000

By Graham Smith, Multistudio A national shift is underway, and it starts with how cities listen. Across the country, communities and development teams are rethinking how reinvestment happens in legacy neighborhoods shaped by deep cultural identity but burdened by decades of underinvestment. These districts often hold irreplaceable history, yet for years they were sidelined by capital markets that prioritized scale, speed and uniformity over context and continuity. Historically, redevelopment in these areas followed a familiar pattern: projects designed first and explained later. Too often, that sequence displaced cultural institutions, local businesses and social networks that gave neighborhoods their meaning. Today, rising expectations around equitable development and renewed interest in urban cores are forcing a different calculus. Community engagement is no longer a step at the end of a project. It is a strategic input that shapes outcomes, reduces risk and strengthens long-term value. Intentional reinvestment Kansas City offers a timely example of how intentional process can align with market opportunity. After years of downtown population growth, expanded transit infrastructure and rising global visibility ahead of the 2026 FIFA World Cup, long deferred reinvestment became feasible. Local leaders recognized that this momentum created an opportunity to reinvest in the historic 18th…

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Marcus & Millichap Arranges $4.4M Sale of Maverik Gas Station Property in Springfield, Missouri

Kristin Harlow — Mon, 26 Jan 2026 14:00:00 +0000

SPRINGFIELD, MO. — Marcus & Millichap has arranged the $4.4 million sale of a net-leased Maverik gas station property in Springfield. The 6,203-square-foot asset is situated on a 2-acre lot at 2704 S. Campbell Ave. The property was built in 2016 and recently remodeled following Maverik’s 2023 acquisition of Kum & Go. There are 10.8 years remaining on the primary lease term. Jackson Harris, Chris Lind, Mark Ruble, Zack House and David Saverin of Marcus & Millichap procured the buyer, a California-based limited liability company.

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Patmos Receives $100M C-PACE Loan for Redevelopment of Kansas City Star Building into Data Center

Kristin Harlow — Fri, 23 Jan 2026 14:31:37 +0000

KANSAS CITY, MO. — Patmos Holdings Inc., a provider of internet infrastructure, data center and hosting services, has received a $100 million C-PACE (Commercial Property Assessed Clean Energy) loan from PACE Loan Group for the ongoing redevelopment of the former Kansas City Star building into a data center and artificial intelligence (AI) campus. When the next phase of infrastructure upgrades is complete this spring, the 421,112-square-foot, four-story Patmos AI Campus will feature 35 megawatts of power. The C-PACE loan will fund energy-efficient infrastructure improvements. Patmos initially started construction in late 2024. Since then, two publicly traded tenants have inked multi-year leases with Patmos. Located at 1601 McGee St. in downtown Kansas City on the site that had been previously declined by the Kansas City Royals for its new stadium, the 5-acre campus is part of a significant retrofit project. In addition to creating AI data halls, Patmos will also convert nearly 150,000 square feet of the building into a multi-tenant technology hub, coworking and event space. The C-PACE proceeds will be used for energy efficiency, equipment, HVAC and plumbing improvements to support the data center’s cooling and electrical load. The project is slated for completion in March. Rafi Golberstein of…

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