Friday, November 6, 2026
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Missouri

AcquisitionsMidwestMissouriRetail

Newmark Arranges $20M Sale of Liberty Corners Shopping Center in Metro Kansas City

by Kristin Harlow

LIBERTY, MO. — Newmark has arranged the $20 million sale of Liberty Corners, a grocery-anchored shopping center in the Kansas City suburb of Liberty. First Washington Realty acquired the 125,000-square-foot property from Brixmor Property Group. Conor Lalor, Keely Polczynski and Tim McKay of Newmark represented the seller. Colleague Brian Schneiderman also supported the assignment. Price Chopper, which occupies 56,000 square feet and has been a tenant at the property since 1986, recently committed approximately $6.5 million toward a remodel and extended its lease through 2037.

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DevelopmentHealthcareMidwestMissouri

Lawrence Group Designs Renovations for SSM Health St. Joseph Cancer Center in Metro St. Louis

by Kristin Harlow

LAKE SAINT LOUIS, MO. — Lawrence Group has completed its work on the renovation and expansion of SSM Health St. Joseph Hospital’s Cancer Center in Lake Saint Louis. Lawrence Group’s healthcare studio provided architecture and interior design services on the recent multi-million-dollar project aimed at increasing treatment capacity and improving the patient experience for individuals navigating cancer care. A ribbon cutting ceremony took place July 28. The expanded center features space for additional clinical staff and new exam rooms, plus semi-private infusion bays complete with floor-to-ceiling windows for patients to view the nearby lake while receiving treatment. The building’s pharmacy, laboratory and waiting areas were also expanded.

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DevelopmentMidwestMissouriMultifamily

KAI Build, Revive Capital to Transform Former 7UP Headquarters in Metro St. Louis into Apartments

by Kristin Harlow

CLAYTON, MO. — KAI Build is leading construction on the $55 million transformation of the former 7UP headquarters in downtown Clayton into a residential development with 118 apartment units. Located at 121 S. Meramec Ave. near Shaw Park, the 11-story building served as 7UP’s world headquarters from the mid-1960s through the late 1970s. After 7UP relocated to Dallas, St. Louis County purchased the property in 1988 to house its World Trade Center. The building later remained vacant for more than a decade. A group led by Kansas City-based Revive Capital Development headed by developer Michael Knight purchased the property in September 2026 with plans to transform it into a residential development named The Upton. Architect Chris Cedergreen is working in collaboration with Kent Wagster of HDA Architects on the project, which will feature a mix of luxury studio, one- and two-bedroom units. Amenities will include a fitness center, clubroom, heated outdoor spa, entertainment and theater spaces, billiards, multiple fireplaces, a dog wash, private resident speakeasy, game room, outdoor kitchens, fire pits and a private dog park. Octagon Finance is partnering on the project, providing a $48.3 million unitranche construction loan, including historic tax credits. A groundbreaking ceremony is scheduled for …

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IndustrialLeasing ActivityMidwestMissouri

Opus Completes Lease-Up of 1.6 MSF Liberty Heartland Logistics Center in Missouri

by Kristin Harlow

LIBERTY, MO. — Opus has completed the lease-up of Liberty Heartland Logistics Center in the Kansas City suburb of Liberty. Opus developed and built the three-building, 1.6 million-square-foot industrial park. Recent leasing activity includes Wagner Logistics, a third-party logistics provider that leased 317,000 square feet in Building B, and Dakota Bodies, a custom utility and service truck manufacturer that leased 173,000 square feet in Building C. Opus developed Liberty Heartland Logistics Center in two phases. The first phase included an 847,475-square-foot build-to-suit distribution center for Hallmark, which began operations in the facility in March 2023. The second phase added two speculative buildings totaling 812,000 square feet. TAB USA, an international manufacturer of industrial batteries, began leasing 66,700 square feet in Building C in April 2024. Animal Health International, a global distributor of animal health products, began leasing 255,000 square feet in Building B in April 2025. Liberty Heartland Logistics Center is a joint venture between Opus and Washington Capital Management. Opus was the developer, design-builder, architect and structural engineer of record on the shell buildings and handled the tenant improvement construction for TAB USA, Animal Health and Dakota Bodies. Michael VanBuskirk, Mark Long, John Hassler and Scott Bluhm of Newmark …

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Conference CoverageIndustrialKansasMarket ReportsMidwestMidwest Market ReportsMissouriMultifamilyRetail

InterFace Panelists Tout Kansas City Market’s Strengths, Highlight Ways to Contain Costs

by Kristin Harlow

For industrial developers and owners, Kansas City is an easy sales pitch right now.  “Two years ago, we had to scrounge around [for capital partners] trying to get phone calls returned. Now, they’re calling us saying they’re ready to see what we’ve got,” said Nick Cook, a development manager with Panattoni Development Co. “You’re always trying to sell a story to these folks. And Kansas City is a pretty easy one to sell right now. When it comes to speculative development, we’re feeling bullish.”  Cook’s remarks came during the developers, owners and investors panel at the InterFace Kansas City Industrial conference, which took place Tuesday, Aug. 18 at the Intercontinental Kansas City at the Plaza. Robert Ciston, a senior principal with BRR Architecture, moderated the discussion.  Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Fellow panelist Grant Harrison, executive vice president of development with VanTrust Real Estate, also expressed a bullish mindset on Kansas City and said he wants to get in front of the next wave of development. In contrast, there are some markets where Harrison does not …

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DevelopmentHospitalityMidwestMissouriRetail

Negro Leagues Baseball Museum, Grayson Capital Announce Construction Team for New Museum, Hotel in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — The Negro Leagues Baseball Museum and Grayson Capital have announced Russell Construction, in partnership with Vazquez Grayson, as the construction team for the new Negro Leagues Baseball Museum and The Pennant Hotel planned for Kansas City’s historic 18th & Vine District. The development involves a new 35,000-square-foot museum and 144-room hotel that will be a Marriott Tribute Portfolio property. Additional information regarding the project and construction schedule will be announced as the development advances. Reggie Jackson, National Baseball Hall of Famer who started his career with the Kansas City Athletics in 1967, is a partner on the project. He is serving as an equity partner and cultural ambassador for The Pennant Hotel. The Negro Leagues Baseball Museum is the world’s only museum dedicated to preserving and celebrating the history of African American baseball and its impact on the social advancement of America. Grayson Capital is a Kansas City-based real estate investment and development firm focused on hospitality, multifamily, healthcare and mixed-use projects.

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AcquisitionsMidwestMinnesotaMissouriRetail

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

by Kristin Harlow

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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LoansMidwestMissouriMultifamily

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

by Kristin Harlow

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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DevelopmentMidwestMissouriMixed-UseRetailTop Stories

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

by John Nelson

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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IndustrialLeasing ActivityMidwestMissouri

Newmark Zimmer Arranges 1.4 MSF Industrial Lease in Independence, Missouri

by Kristin Harlow

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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