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| Overland Crossing Shopping Center, 11900-12070 Metcalf Avenue, Overland Park, KS |
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| Amy Sands |
CHICAGO, IL – HFF announced it has closed the sale of Overland
Crossing, a 174,497-square-foot shopping center in Overland Park, Kansas.
HFF
marketed the center on behalf of the seller, Continental Properties Company, to
a special purpose entity arranged by GDA Companies, who purchased the asset for
$27.4 million free and clear of debt.
Overland Crossing is situated on 19.6 acres at 11900-12070
Metcalf Avenue at the intersection of Metcalf Avenue and 119th Street, two of
Kansas City’s busiest retail corridors with an average daily traffic count of
55,100 vehicles.
Completed between 1997 and 2000, the property is anchored by
Burlington Coat Factory, Golfsmith and OfficeMax.
The HFF investment sales team representing the seller was
led by director Danny Kaufman and associate director Amy Sands.
“Overland Crossing has arguably the best retail location in
Kansas City, situated at the intersection of two of the busiest retail
corridors in affluent Johnson County,” said Kaufman.
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| Dan Kaufman |
“In addition, the property benefits from its position at the
center of a 26.4 million-square-foot office market, which provides a large
daytime consumer base,” added Sands.
Continental Properties Company, Inc. is a national real
estate development company headquartered in suburban Milwaukee, Wisconsin with
a retail leasing office in Arizona.
Founded in 1979 and still privately held, Continental has
grown from a small real estate company to a major presence in the development
industry.
GDA Real Estate Services, LLC is a commercial real estate
acquisitions company in Greenwood Village, Colorado, that owns and operates
over 84 properties in Arizona, California, Colorado, Oregon, Washington, South
Carolina, Ohio, Georgia, Kansas, Missouri and Texas.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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