Mid-America Real Estate Brokers the Sale of 348,983-square-foot Oak Park Commons in Kansas City
January 9, 2024
Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Oak Park Commons, a community shopping center located in one of Kansas City’s most prominent and affluent suburban areas. The 348,983-square-foot center was sold to a joint venture between Bloomfield Hills, MI-based Lormax Stern and New York, NY-based Time Equities Inc.
Oak Park Commons boasts a high-profile tenant base including Ross Dress for Less, Hobby Lobby, Ulta, Verizon, Dollar Tree, Petco, K&G Fashion Superstore, Northern Tool + Equipment, Shoe Carnival, Chipotle, Panda Express, and Aspen Dental, and shadow-anchored by Sam’s Club, Best Buy, DSW, Planet Fitness, O’Reilly Auto Parts, and Ollie’s. The center is positioned along 95th Street on both sides of Quivira Road immediately between full interchanges with both the I-35 and U.S. Route 69 freeways, and directly across from the Oak Park Mall, Kansas City’s dominant, #1 ranked super-regional enclosed mall. The center caters to a very dense and affluent demographic profile, with a residential population of 241,000 earning average household incomes of $116,000 within 5 miles.
Mid-America Real Estate Corporation Principal Ben Wineman, in cooperation with The R.H. Johnson Company Principal Eric Gonsher, was the exclusive listing broker in the transaction on behalf of New York, NY-based DRA Advisors.
Mid-America Real Estate is #1 in retail real estate services in the Midwest, with full-service offices in Illinois, Michigan, Minnesota, and Wisconsin. Our exclusive focus on retail property, combined with cutting-edge technology and unsurpassed service, distinguishes Mid-America within the industry and provides clients with a competitive edge. The company manages and leases 60 million square feet of retail space and represents over 270 retailers. Mid-America’s Investment Sales Group represents clients in the sale of retail properties throughout the greater Midwest region. The Investment Sales Group’s strategic approach combines outstanding national exposure with the best local knowledge, resulting in the successful disposition of over $14 billion to date. For more information, visit www.midamericagrp.com.
Media Contact for More Information:
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