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First Washington Realty Invests $65M for Two Midwest Shopping Center Acquisitions

Kristin Harlow — Mon, 21 Sep 2026 12:31:55 +0000

BLAINE, MINN. AND LIBERTY, MO. — First Washington Realty (FWR) has acquired two grocery-anchored shopping centers in Minnesota and Missouri for a combined value in excess of $65 million. The acquisitions expand FWR’s portfolio to 21.9 million square feet across 21 states. The Village of Blaine is a 220,685-square-foot center in Blaine, Minn., and Liberty Corners is a 124,808-square-foot property anchored by a 56,000-square-foot Cosentino’s Price Chopper store in Liberty, Mo. Additional tenants include Chipotle and The Big Biscuit.

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Gantry Secures $50.8M in CMBS Financing for Two Kansas City Apartment Communities

Kristin Harlow — Wed, 16 Sep 2026 13:14:42 +0000

KANSAS CITY, MO. — Gantry has secured a total of $50.8 million in two permanent loans to refinance post-construction bridge debt for a pair of recently renovated apartment communities in Kansas City. The 222-unit Palisades Apartments is situated in the Eastside submarket, and the 133-unit Mayfair Apartments is located in the city’s Woodbridge neighborhood. Mark Reichter and Alec Frook of Gantry represented the borrower, a private real estate investor. The CMBS loans feature five-year terms and fixed interest rates.

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Kansas City Royals Select Construction Team for $3B Baseball Stadium, Mixed-Use Village

John Nelson — Tue, 15 Sep 2026 12:00:00 +0000

KANSAS CITY, MO. — The Kansas City Royals have selected a construction team for the development of the club’s new $3 billion mixed-use village in downtown Kansas City, which will be anchored by a new 34,000-seat, open-air ballpark. The 85-acre district will be located within the city’s Crown Center neighborhood on the corporate campus of Hallmark Cards, which is a partner with the Royals on the overall development. The Royals have selected a joint venture between Minnesota-based Mortenson and Kansas City-based McCownGordon to serve as the construction manager at risk on the nearly 1.3 million-square-foot stadium. JE Dunn, also headquartered in Kansas City, will serve as a construction partner on the surrounding mixed-use district. Upon completion, which is expected in advance of the Royals’ opening day game in 2030, the mixed-use village will be the largest sports-anchored downtown development in baseball and the largest economic development project in the history of Kansas City, according to the Royals. “We’re proud to bring these outstanding construction companies together to build a world-class ballpark that will be seamlessly integrated with a best-in-class mixed-use development,” says Brooks Sherman, president of real estate and development for the Royals. “We have always said this is about…

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Newmark Zimmer Arranges 1.4 MSF Industrial Lease in Independence, Missouri

Kristin Harlow — Thu, 03 Sep 2026 13:32:50 +0000

INDEPENDENCE, MO. — Newmark Zimmer has arranged a 1.4 million-square-foot lease for a warehousing and distribution tenant at Space Center underground industrial park, which is located at 1500 Geospace Drive in Independence. The transaction represents the largest industrial lease in metro Kansas City by square footage year to date, according to Newmark Zimmer. Spanning 160 acres of limestone, Space Center offers tenants a naturally stable climate, low humidity and advanced fire protection systems. Mark Long, John Hassler and Seamus McLaughlin of Newmark Zimmer represented the undisclosed landlord.

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Kansas City Chiefs, Hunt Midwest Launch Two-Point Development

Kristin Harlow — Wed, 02 Sep 2026 13:52:41 +0000

KANSAS CITY, MO. — The Kansas City Chiefs and Hunt Midwest are launching Two-Point Development, a joint real estate venture that will help shape mixed-use districts around the football franchise’s new stadium in Kansas City, Kan., and its new headquarters and training facility in Olathe, Kan. The long-term strategic partnership is meant to ensure that both developments create year-round sports and entertainment destinations that will spur regional economic activity and create new jobs. Two-Point Development will serve as master developer for the design and development of both districts, overseeing the architects, engineers, land planners and general contractors who will bring the projects to life. In Kansas City, the development will blend entertainment, hospitality, retail, residential and public gathering spaces. In Olathe, the team’s headquarters and practice facility will serve as the centerpiece of a mixed-use environment. The Two-Point Development name stems from Lamar Hunt’s vision for including the two-point conversion in professional football. Hunt founded the Dallas Texans in 1960, and the franchise moved to Kansas City in 1963. The team is under the ownership of the Hunt Family. The Chiefs projects are part of a partnership with support from the State of Kansas, the Kansas Department of Commerce, the…

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Marcus & Millichap Arranges Sale of 31-Unit Multifamily Property in Grain Valley, Missouri

Kristin Harlow — Wed, 26 Aug 2026 13:01:00 +0000

GRAIN VALLEY, MO. — Marcus & Millichap has arranged the sale of Creekside Village, a 31-unit multifamily property in Grain Valley near Kansas City. Jacob Carroll and Aaron Kuroiwa of Marcus & Millichap represented the seller, Creekside SPE – Apartments LLC, and procured the buyer, a Kansas City-based investor. Built in 2007, the property features one- and two-bedroom units totaling 28,055 rentable square feet.

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Marcus & Millichap Arranges $3.6M Sale of Missouri Medical Office Property

Kristin Harlow — Tue, 25 Aug 2026 13:02:00 +0000

OSAGE BEACH, MO. — Marcus & Millichap has arranged the $3.6 million sale of Parkside Village, a medical office building with 10 fully occupied suites in Osage Beach. The 28,400-square-foot property is situated within the Lake of the Ozarks region and across from the Lake Regional Health System campus. Built in 2008 and renovated in 2021, the building rises two stories. Most tenants have more than five years remaining on their leases. Alec Coronado of Marcus & Millichap represented the seller, a Missouri-based medical office investor. The buyer was undisclosed.

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Commerce Bank, FNBO Open at Shops on Blue Parkway in Kansas City

Kristin Harlow — Fri, 21 Aug 2026 13:05:52 +0000

KANSAS CITY, MO. — Commerce Bank of Kansas City and FNBO have opened at The Shops on Blue Parkway in Kansas City. Community Builders of Kansas City (CBKC) developed the 25-acre, 150,000-square-foot property, which is now 98 percent leased. Commerce Bank opened a nearly 4,000-square-foot, full-service branch featuring personal and commercial banking, in-person teller services, private banking offices and a drive-up ATM. FNBO opened a 1,650-square-foot, full-service banking center focused on relationship banking. The branch offers personal and business checking and savings accounts, mortgages, consumer and small business loans, investment and wealth management referrals, financial education, digital banking support and teller services. Additionally, the Kansas City Election Board (KCEB) extended its lease at the property. The organization opened its 20,000-square-foot headquarters space in September 2023. The new lease runs through 2037. KCEB offers in-person absentee voting, voter registration, poll worker training and election operations. These groups join 19 other tenants at The Shops, including KC Sun Fresh, Hibbett, T-Mobile and Wingstop. The center opened in 2005. The Shops are situated on a campus of CBKC properties, including a 69,200-square-foot office building that opened in 2001 and is fully leased as well as The Rochester, a 64-unit multifamily development that opened…

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St. Louis Lambert International Airport Underway on $114M Maintenance Complex

Kristin Harlow — Wed, 19 Aug 2026 13:09:19 +0000

ST. LOUIS — A new $114 million maintenance complex will open at St. Louis Lambert International Airport. The 285,000-square-foot complex will replace the existing 135,000-square-foot facility, which dates to the 1960s and is located in a flood-prone area. Situated on higher ground, the new facility will provide expanded, modernized space to meet the maintenance and sheltering needs of modern airfield equipment. The project will also consolidate critical airfield operations into two facilities, including snow removal, vehicle repair, materials warehousing, landscaping and maintenance functions. These operations are currently spread across nine buildings, some of which are more than 50 years old. Construction began in October 2025 and is expected to be completed in late 2027. KAI is providing mechanical, electrical and plumbing engineering services for the project. Wright Construction Services is the general contractor, Kwame and HR Green Inc. serve as the program manager and Jacobs is the architect and structural engineer. Funding for the project was made possible through a $20 million grant from the Federal Aviation Administration and a $4.6 million grant under the Airport Infrastructure Grants program through the Bipartisan Infrastructure Law.

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SparrowHawk, Almanac Realty Acquire 4.4 MSF Industrial Portfolio in Midwest for Nearly $400M

Abby Cox — Fri, 14 Aug 2026 11:26:00 +0000

HOUSTON AND NEW YORK CITY — A joint venture between SparrowHawk and New York City-based Almanac Realty Investors has acquired a 20-property, 4.4 million-square-foot industrial portfolio located across six markets in the Midwest. Stockholm-based global investment firm EQT sold the portfolio for nearly $400 million. Brian Walsh, Lucas Borges, Steve Klein, Chris Pratt, Emma Berner and Christian Johnston of JLL Capital Markets secured a five-year, $236 million acquisition loan through PPM America on behalf of the buyers. “This acquisition accelerates SparrowHawk’s strategic expansion in the Midwest with a portfolio that is integral to connecting industrial occupiers to the large consumer markets driving logistics and e-commerce growth,” says Alfredo Gutierrez, president and founder of SparrowHawk. The assets, which are spread throughout St. Louis, Cincinnati, Cleveland, Columbus, Dayton and Louisville, were 94 percent leased at the time of sale to 30 tenants across multiple industries such as logistics and distribution; business and professional services; industrial and manufacturing; e-commerce and retail; and wholesale and supply distribution. According to various media sources, 50 percent of the collection by square footage is located in St. Louis, while Cincinnati holds approximately one-fifth of the portfolio. The industrial properties feature 30-foot average clear heights, extensive dock capacity, tilt-up…

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Morgan Stanley Acquires 1.5 MSF Ace Hardware Distribution Center in Kansas City for $158.5M

Kristin Harlow — Wed, 12 Aug 2026 12:00:00 +0000

KANSAS CITY, MO. — Morgan Stanley Real Estate Investing (MSREI) has acquired a newly developed, 1.5 million-square-foot distribution facility in Kansas City for $158.5 million. The seller, Hunt Midwest, developed the Class A property as a build-to-suit for retailer Ace Hardware in 2025, marking the first phase of KCI 29 Logistics Park. Measuring a half-mile from end to end, the Ace Hardware retail supply center is the largest distribution center in Kansas City by building footprint, according to MSREI. The property features a cross-dock configuration, clear height of 40 feet and extensive power capacity. Ace Hardware has invested in state-of-the-art automation and warehouse technology for the development. KCI 29 Logistics Park, a 3,300-acre megasite, can support up to 20 million square feet of industrial development. The project is located at the intersection of I-29 and I-435, adjacent to the Kansas City International Airport. The immediate access to regional and national transportation networks offers companies the ability to reach 90 percent of the continental U.S. within two days or less, according to Hunt Midwest. “This acquisition reflects our continued conviction in high-quality net lease investments that combine strong tenant credit, mission-critical operations and institutional-quality real estate,” says David Gross, managing director…

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Texas Roadhouse to Open at Olive Crossing in Olivette, Missouri

Kristin Harlow — Mon, 10 Aug 2026 13:12:37 +0000

OLIVETTE, MO. — Texas Roadhouse will open at Olive Crossing in the St. Louis suburb of Olivette. Keeley Properties and KEAT Properties are developing Olive Crossing, a mixed-use project spanning 14.8 acres that is currently home to The Clover luxury apartments and a retail lineup including Aldi, Paris Baguette, Tropical Smoothie Café, Verizon and The Brass Tap. Construction details and the anticipated opening timeline for Texas Roadhouse will be announced as they become available.

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American House, Winterpast Capital Acquire 192-Unit Seniors Housing Community in Kansas City

Kristin Harlow — Fri, 07 Aug 2026 12:49:09 +0000

KANSAS CITY, MO. — American House Senior Living Communities and Winterpast Capital Partners have acquired St. Anthony’s Senior Living, a 192-unit community in Kansas City. Helios Healthcare Advisors brokered the sale. Situated on a 4-acre campus in the Brookside neighborhood, the property consists of independent living units, assisted living units and memory care residences. Originally home to the Highland Tower medical office building, the property underwent a $40 million redevelopment beginning in 2019. The original structure was stripped to its steel and concrete frame and transformed into a nine-story independent living community, while a newly constructed assisted living and memory care building was completed adjacent to the tower in 2020. Following an initial opening during the pandemic and a challenging post-COVD lease-up, the seller retained a regional operator to manage the community in March 2024 with a mandate to improve operations, optimize expenses and accelerate occupancy growth.

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Gantry Secures $30.5M Permanent Loan for Kansas City Logistics Facility

Kristin Harlow — Thu, 06 Aug 2026 13:11:49 +0000

KANSAS CITY, MO. — Gantry has secured a $30.5 million permanent loan to refinance maturing debt for a 603,000-square-foot warehouse located in the Skyport Industrial Center in Kansas City’s Northland submarket. The multi-tenant facility underwent a full renovation in 2023 and is now fully leased. The building features a clear height of 32 feet, 22,000-square-foot bay size, 135-foot-deep truck court, cross dock expansion capacity and access to the Kansas City International Airport, I-29 and I-435. Mark Reichter of Gantry represented the borrower, a private real estate investor. A life insurance company provided the seven-year, fixed-rate nonrecourse loan, which includes one year of interest-only payments transitioning to a 30-year amortization. Gantry will service the loan for the lender.

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Northmarq Brokers $70M Sale of Multifamily Property in Wentzville, Missouri

Kristin Harlow — Fri, 24 Jul 2026 13:36:51 +0000

WENTZVILLE, MO. — Northmarq has brokered the $70 million sale of Villages at Lake Silvercote, a 381-unit, garden-style multifamily property in Wentzville. Dominic Martinez, Parker Stewart, Alex Malzone and Charlie McKee of Northmarq represented the seller, a local investment group. The buyer was a private firm. Villages at Lake Silvercote features a mix of one-, two- and three-bedroom apartments and townhome-style residences, averaging 1,190 square feet. Amenities include a pool, fitness center, clubhouse and barbecue grill areas.

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King Realty Advisors, Colliers Arrange Sale of 217-Acre Office Campus in St. Louis

Kristin Harlow — Wed, 22 Jul 2026 13:37:09 +0000

ST. LOUIS — King Realty Advisors and Colliers have arranged the sale of the 217-acre office campus at 8000 W. Florissant Ave. in St. Louis. Bryan King of King Realty Advisors represented the buyer, Jim Onder. John Sheehan and Joe Hill of Colliers represented the seller. According to the St. Louis Business Journal, the most recent owner of the former Emerson Electric Co. campus was technology company Copeland, which will continue to occupy its current headquarters at the property and lease from the new owner. Copeland is an Emerson spinoff company owned by Blackstone. The property is comprised of nine buildings totaling 980,644 square feet.

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Life Time, Midas Hospitality to Open 263-Unit Luxury Apartment Complex in Metro St. Louis

Kristin Harlow — Mon, 06 Jul 2026 13:54:46 +0000

RICHMOND HEIGHTS, MO. — Life Time is expanding its presence in the St. Louis market with plans to introduce Life Time Living, its wellness-centered luxury residential concept, through a new partnership with Midas Hospitality. The seven-story development in Richmond Heights will combine upscale residences with Life Time’s signature athletic club. Plans call for 263 apartment units in a mix of studio, one- and two-bedroom layouts. Residents will benefit from direct access to a 110,000-square-foot Life Time athletic club. Amenities will include a 30,000-square-foot rooftop pool and outdoor amenity deck; fitness, training and recovery spaces; dedicated group fitness studios and personal coaching services; and indoor and outdoor gathering spaces. There will also be 6,000 square feet of retail space. The project will be part of the broader Boulevard South mixed-use development along Brentwood Boulevard.

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Milhaus to Build 194-Unit Affordable Housing Project in Kansas City

Kristin Harlow — Mon, 06 Jul 2026 13:53:36 +0000

KANSAS CITY, MO. — Milhaus has received approval from the Missouri Housing Development Commission (MHDC) for Low-Income Housing Tax Credits (LIHTC) to advance Linwood & Troost Apartments in Kansas City. The project will convert two vacant lots at 2300 Troost Ave. into an affordable housing development featuring two four-story buildings with 194 units. The project marks the first LIHTC development in Kansas City for Milhaus. Funding for the development includes 4 percent federal tax credits through the MHDC LIHTC program, a tax abatement from Kansas City’s Planned Industrial Expansion Authority and $1.5 million awarded from the Kansas City Housing Trust Fund. All units will serve households at or below 60 percent of the area median income. Construction is expected to begin by the end of 2026, with completion anticipated in 2028. Milhaus is serving as both developer and general contractor.

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Gantry Arranges $32.5M Permanent Loan for Kansas City Multifamily Property

Kristin Harlow — Thu, 02 Jul 2026 13:19:35 +0000

KANSAS CITY, MO. — Gantry has arranged a $32.5 million permanent loan as construction takeout financing for the Edison at Tiffany Springs, a multifamily community delivered in 2022 in Kansas City’s Tiffany Springs/Northland area. The property features seven three-story buildings offering 243 units in a variety of floor plans. Amenities include a clubhouse, pool, pickleball court, golf simulator, walking paths and a mix of 72 garages and 337 surface parking spots. Joe Monteleone and Bonnie Monteleone of Gantry represented the borrower, a private real estate investor. The Freddie Mac loan features a 10-year, fixed interest rate with partial-term interest-only payments followed by a 35-year amortization.

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Northmarq Secures $13.7M Bridge Loan for Innerbelt Business Center in Metro St. Louis

Kristin Harlow — Wed, 01 Jul 2026 13:49:46 +0000

OVERLAND, MO. — Northmarq has secured $13.7 million in acquisition financing for Innerbelt Business Center, a 191,925-square-foot flex/showroom property in Overland near St. Louis. Lucas Goring and Andy Finn of Northmarq arranged the financing on behalf of Fountain Real Estate Capital through a regional bank. The five-year loan features three years of interest-only payments along with future funding. The property is close to stabilization, but Fountain will look to push rents to market as leases reach expiration, according to Northmarq.

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