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