Saturday, July 16, 2016

Charles Dunn Co. Completes $16.6 Million Sale of a Retail Center in Overland Park, KS

Metcalf 103 Retail Center, 10303 Metcalf Road
Overland Park, KS
LOS ANGELES, CA – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States has completed the $16.6 million sale of a Metcalf 103, a regional retail center in Overland Park, KS.

The center is anchored by Walmart Neighborhood Market and includes Pier 1 Imports, Buffalo Wild Wings, Subway, and others.

Barry Rothstein, managing director with Charles Dunn Company, spearheaded the transaction and teamed with a local brokerage group to represent the seller, a tenant-in-common group, as well as the buyer, a locally-based investment company.

Barry Rothstein
Located at 10303 Metcalf Road and situated on 18.48 acres, Metcalf 103 includes 148,560 square feet of multi-tenant retail space in 12 buildings, as well as a 42,403-square-foot ground-leased Walmart Neighborhood Market and a 5,174-square-foot ground-leased Jack in the Box.  

“Charles Dunn and our Kansas broker partner marketed this asset to our comprehensive data bases,” said Rothstein. “Numerous offers were generated and we chose the top five for a best and final offer.

“The buyer liked this asset because it presented a value-added opportunity as well as the potential to redevelop and/or reposition in the future. 

"This future repositioning of Metcalf 103 would be enhanced as it is within the city’s “Vision Metcalf” plan which is designed to infuse capital and quality new development to revitalize the Metcalf Corridor, the City of Overland Park’s most recognizable commercial area.”

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

Darcie Giacchetto


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