KANSAS CITY, MO. — Schottenstein Property Group Inc. has acquired a 142,600-square-foot retail center in Kansas City for $17.5 million. Retail Properties of America Inc. sold the asset, Stateline Station, which is 85 percent leased. The property, constructed in 2004, is anchored by Marshalls, Cost Plus World Market and a separately owned Super Target. Other retailers include Petco, Tuesday Morning, Mattress Firm, Pier 1 Imports and Dollar Tree. The shopping center is located at the intersection of Highway 150 and West 135th Street in an affluent area of Kansas City where the average household income in a three-mile radius of the center is $130,141. Amy Sands, Barry Brown and Clinton Mitchell of HFF represented the seller in the transaction.
Stateline Station is a 142,600-square-foot retail center in an affluent area of Kansas City where the average household income in a three-mile radius of the center is $130,141.
Schottenstein Property Group Acquires Retail Property in Kansas City for $17.5M
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