Missouri

Berengaria Acquires 226,000 SF Power Center in St. Joseph, Missouri

by Kristin Harlow March 27, 2019

ST. JOSEPH, MO. — Berengaria has acquired The Shoppes at North Village, a 226,000-square-foot retail power center in St. Joseph, about 55 miles north of Kansas City. The purchase price was not disclosed. The 98 percent-leased property is home to 25 tenants, including TJ Maxx, Best Buy, Michaels, Old Navy and Regal Cinema’s Hollywood Theaters. Berengaria partnered with the Africk Family Office on the transaction. This is the third asset the two groups have purchased together. Berengaria is the real estate platform of Marcus Investments.

March 27, 2019

Acquisitions Midwest Missouri Retail

Love’s Travel Stops Purchases 20 Acres for its First Kansas City Location

by Kristin Harlow March 27, 2019

KANSAS CITY, MO. — Love’s Travel Stops and Country Stores has purchased 20 acres from Hunt Midwest for its first Kansas City location. Love’s plans to build a 12,000-square-foot building, eight gas pumps, eight diesel bays and a Speedco service center. The property will have room for 80 cars, five RVs and 125 trucks. McDonald’s is expected to be the food concept. The property is expected to open in 2020.

March 27, 2019

Development Industrial Midwest Missouri Office

L. Keeley Construction, HDA Architects Complete Corporate Headquarters for ADB Cos. in Missouri

by Kristin Harlow March 27, 2019

PACIFIC, MO. — L. Keeley Construction and HDA Architects have completed a new corporate headquarters for ADB Cos. in Pacific, about 35 miles west of St. Louis. The project consists of a 36,852-square-foot office building and a 24,137-square-foot maintenance building. Features include exposed ceilings, concrete floors, wood-accent walls, a two-story lobby entrance and a lounge space. ADB Cos. provides solutions for the communications, utility and technology industries. ADB Cos. and L. Keeley Construction are part of St. Louis-based Keeley Cos.

March 27, 2019

Acquisitions Midwest Missouri Retail

QuikTrip Purchases Site for New Location in North Kansas City

by Kristin Harlow March 26, 2019

NORTH KANSAS CITY, MO. — QuikTrip Corp. has purchased 2.9 acres at the southwest corner of I-35 and Amour Road in North Kansas City. QuikTrip plans to build a new facility at 1401 Armour Road to replace its existing store at 1010 Armour Road. Construction on the new store will begin soon and is a redevelopment of an old office building. David Block and Jody Minder of Block & Co. Inc. Realtors brokered the transaction.

March 26, 2019

Leasing Activity Midwest Missouri Mixed-Use Retail

Cullinan Properties Unveils Tenant Openings at Streets of St. Charles Near St. Louis

by Kristin Harlow March 19, 2019

ST. CHARLES, MO. — Several new retail tenants are slated to open this spring and summer at The Streets of St. Charles, a mixed-use community near St. Louis owned and managed by Cullinan Properties Ltd. Cherry Blow Dry Bar opened on Wednesday, March 6. Next on the list is Play Street Museum, an interactive play environment set to open on Monday, March 25. Also scheduled to open this spring and summer are Narwhal’s Crafted, a frozen cocktail bar, and YogaSix. Cullinan Properties previously announced the addition of Elekta as the newest office tenant. The Streets of St. Charles is a 27-acre mixed-use development.

March 19, 2019

Acquisitions Midwest Missouri Multifamily

Berkadia Arranges Sale of 141-Unit Apartment Property in Kansas City

by Kristin Harlow March 15, 2019

KANSAS CITY, MO. — Berkadia has arranged the sale of The Landings at River Market, a 141-unit apartment property in Kansas City. The sales price was not disclosed. Located at 213 Delaware St., the property is comprised of three historic buildings known as Askew Saddlery, Volker Place and Pacific House. The buildings were originally constructed for industrial use in the mid-to-late 1800s and were transformed to residential use in the 1990s. Michael Sullivan, Brett Meinzer and Alex Blagojevich of Berkadia brokered the transaction. A joint venture between Artemis Real Estate Partners and CRES Management LLC sold the asset to California-based Canyon View Capital.

March 15, 2019

Development Midwest Missouri Mixed-Use

Saint Louis University Taps Cullinan Properties to Develop 14-Acre Site

by Kristin Harlow March 14, 2019

ST. LOUIS — Saint Louis University (SLU) has selected Cullinan Properties to develop a 14-acre site at the corner of Grand Boulevard and Chouteau Avenue in midtown St. Louis. The site will house an 850,000-square-foot mixed-use development adjacent to SSM Health Saint Louis University Hospital, which is under construction and slated for completion in spring 2020. The mixed-use development will connect SLU’s north and south campuses and will include retail, entertainment, restaurant, office and hotel space. Cullinan Properties is partnering with BatesForum and Clayco for design-build services. Stock & Associates Consulting Engineers Inc. will handle civil engineering services. Jim Loft, Carrie Hermann and Justin Moses of Colliers International have been selected to lead the office leasing while Patty Kueneke and Kathleen Cullinan Brill of Cullinan Properties will handle all other leasing inquiries. A timeline for construction was not disclosed.

March 14, 2019

Acquisitions Industrial Midwest Missouri

Newmark Grubb Zimmer Brokers Sale of 499,144 SF Industrial Building Near Kansas City

by Kristin Harlow March 5, 2019

GRANDVIEW, MO. — Newmark Grubb Zimmer has arranged the sale of a 499,144-square-foot industrial building in Grandview, about 16 miles south of Kansas City. The sales price was not disclosed. The multi-tenant property is located at 14100 Botts Road. Winco Fireworks, Church & Dwight and Caravan Ingredients fully occupy the building. Michael VanBuskirk, Mark Long and Chris Robertson of NGZ brokered the transaction. SRRT Properties LP purchased the property from Botts Road Investment LLC.

March 5, 2019

Loans Midwest Missouri Multifamily

NorthMarq Arranges $1.6M Refinancing for Apartment Building in St. Louis

by Kristin Harlow March 5, 2019

ST. LOUIS — NorthMarq Capital has arranged a $1.6 million loan for the refinancing of SOHA Lofts in St. Louis. The apartment building features 15 units. Dan Baker of NorthMarq arranged the 10-year loan, which features a 30-year amortization schedule. Ready Capital provided the loan.

March 5, 2019

Acquisitions Midwest Missouri Office

Stan Johnson Co. Brokers $11.7M Sale of Office Center in Kansas City

by Kristin Harlow March 5, 2019

KANSAS CITY, MO. — Stan Johnson Co. has brokered the sale of Prairie View Business Center in Kansas City for $11.7 million. The 109,089-square-foot office center is 97 percent occupied by five tenants, including the U.S. Military Entrance Processing Station for Kansas City, which leases approximately half of the building’s rentable area. The facility sits on 12.2 acres and is comprised of two buildings that were constructed in 1993. Scott Briggs of Stan Johnson represented the sellers, Prairie View Business Center LLC and Prias Prairie View LLC. Briggs also represented the buyer, Chicago-based Boyd Kansas City II LLC.

March 5, 2019

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