 |
| Margaret Caldwell |
Lee's Summit, MO -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Summit Orchards, an 81,185-square-foot grocery-anchored community center.
 |
| Patrick Kelley |
Located at 440-560 Northwest Chipman Road in Lee’s Summit, Missouri, the center was 100 percent leased at the time of sale.
Margaret Caldwell, Patrick Kelley, Jason Powell and Max Van Dresser of Stan Johnson Company represented the seller, Townsend Summit, an affiliate of Townsend Capital, a Maryland-based investor and developer.
 |
| Jason Powell |
Jenel Real Estate, a private family office based in New York, purchased the asset.
“Summit Orchards received a lot of pre-emptive
bids due to the long-term anchor leases and strong demographics of the area,” said
Caldwell, Managing Director and Partner in Stan Johnson Company’s Atlanta,
Georgia office.
Summit Orchards is a newly developed center
anchored by ALDI, HomeGoods, Ross Dress For Less and Five Below.
 |
| Max Van Dresser |
“Driven by the investment-grade credit of the
all-star cast of anchors, Summit Orchards checked all the boxes as a new
development in a growing submarket of Kansas City,” added Kelley.
CONTACT:
David Ebeling
Ebeling Communications
(949) 278-7851
No comments:
Post a Comment