 |
| 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
949.278.6224
No comments:
Post a Comment