JLL Capital Markets arranges sale of the 363,076-square-foot open-air Merriam Town Center in Merriam, KS

 

Amy Sands 

 CHICAGO, IL, Jan. 12, 2023 – JLL Capital Markets announced today that it has closed the sale of Merriam Town Center, a 363,076-square-foot, open-air, regional power retail center located in the Kansas City submarket of Merriam, Kansas. The price was not disclosed.

 

JLL represented the seller in this transaction, and The R.H. Johnson Company acquired the asset.

 

Built in 1998, Merriam Town Center is currently 97% leased to Home Depot, Dick’s Sporting Goods, Cinemark, Ross Dress for Less and PetSmart.

 

The property is located at 8800 Johnson Drive, Merriam, Kansas, set directly off Interstate 35 allowing unobstructed visibility to the approximately 128,000 vehicles per day passing by.

Michael Nieder

The property is within a five-mile radius of approximately 206,500 people and an average household income of $92,500.

 

The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Directors Amy Sands and Director Michael Nieder.

Merriam Town Center, Merriam, KS

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization.

 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

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CONTACT:

  Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com