grihanovveimavox.blogspot.com
million. The Kansas City Business Journao reported that the PrairieVillagde Shops, the Corinth Square shoppinf center in Prairie Village and the Fairwayh Shops in Fairway were under contracy to investors led by a Kansas City-based commercial real estatw brokerage and development firm. Highwoods (NYSE: based in Raleigh, N.C., disclosed the sale price in a Thursday The three shopping centers have a combined 2009 appraised value ofabout $64 million, accordingy to figures from the Johnson County Appraiser’w Office. The three shopping centerd contain 416,000 square feet combined and were, on 94.5 percent leased and 55 yearsz old, Highwoods said.
The properties generatde a combined annual cash net operating income ofabout $5.4 million. The new owners plan no “immediatew major changes” to the shopping centers, Jeff senior vice president and principaof Lane4, said in a separatse release Thursday. “We intend to enhancse and upgrade the centers as opportunitieas ariseover time, but these improvementws will not change their basic Lane4 President Owen Buckley said in the “We look forward to taking good care of them and feel they representr an excellent opportunity to invest in our community.
” Kansas City developer Jesse Clyde Nichols builty the grocery-anchored shopping centers in the mid-1900s, and the JC Nicholsd Co. sold them to Highwoods in 1998.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment