Monday, February 22, 2016

HFF closes $17.5 million sale of shopping center in Kansas City, MO

Stateline Station Shopping Center, Highway 150 and West 135th Street,
South KC Submarket, Kansas City, MO

Amy Sands
CHICAGO, IL – Feb. 22, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $17.5 million sale of Stateline Station, a 142,600-square-foot, 85-percent-leased shopping center in Kansas City, Missouri.   

Barry Brown
HFF worked on behalf of the seller, Retail Properties of America, Inc.  Schottenstein Property Group, Inc. purchased the asset free and clear of debt. 

The property was completed in 2004 and is anchored by Marshalls, Cost Plus World Market and a separately-owned Super Target.  Other national retailers include Petco, Tuesday Morning, Mattress Firm, Pier 1 Imports and Dollar Tree. 

Located at the intersection of Highway 150 and West 135th Street in the South KC submarket, Stateline Station is in an affluent area of Kansas City where the average household income in a three-mile radius of the center is $130,141, which is 76 percent higher than the national average.

The HFF investment sales team representing the seller was led by directors Amy Sands and Clinton Mitchell and senior managing director Barry Brown.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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