Retail

WICHITA, KAN. — Sperry Van Ness (SVN) has completed the sale of Ken-Mar Shopping Center, a 73,757-square-foot retail center located at 4610 E. 13th St. in Wichita, for $2.21 million. The building is situated on 7.95 acres, and is 79 percent occupied. Jason Little of SVN’s Oklahoma City office and Michael Roberts of the firm’s Kansas City, Mo., office represented the seller, California-based Madison Property Group. Nick Esterline of Landmark Commercial Real Estate represented the undisclosed buyer, which has plans to redevelop the property.

SKOKIE, ILL. — Freeport, Maine-based outdoor retailer L.L. Bean will be opening its second Chicagoland store in Old Orchard Shopping Center in Skokie. The 30,000-square-foot location will be built to the U.S. Green Building Council’s LEED standards, and will include the creative use of recycled and reclaimed materials, as well as energy-efficient heating, cooling and lighting systems. It is scheduled to open in November. L.L. Bean has previously announced a new store to be located inside The Arboretum of South Barrington in South Barrington, Ill. The two stores are part of the retailer’s plans to open 32 stores nationally by 2012.

OMAHA, NEB. — Phillips Edison & Co. has acquired Deerfield Plaza, a 129,914-square-foot retail center located in Omaha. The center is anchored by Baker’s Supermarket and Walgreens. The acquisition price, as well as the seller, was undisclosed.

LAKE SAINT LOUIS, MO. — Seven new retailers have joined the tenant roster at The Meadows at Lake Saint Louis, a 64-acre lifestyle center located at the interchange of Lake Saint Louis Boulevard and Interstate 64 in Lake Saint Louis. St. Louis area tenants Clarkson Jewelers and Puddle Ducks will join national retailers CJ Banks, Aeropostale and Bachrach. The five retailers will open when the 260,000-square-foot first phase of the project opens in August. Additionally, Old Navy will open in early 2009 in a junior anchor location next to an already-announced Bed, Bath & Beyond. Outdoor apparel chain Backwoods will be constructing a freestanding location on an outparcel at the center, also scheduled to open in early 2009. At full completion, The Meadows at Lake Saint Louis will contain 500,000 square feet of retail space in a pedestrian-friendly, downtown environment.