AREA BlogKeeping you up-to-date on Kansas City commercial real estate trends.

Menards Becomes Part of New Retail Development

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Waterside is a new to market retail shopping center development, located in a regional, entertainment and tourism destination in Kansas City, Kansas.  The Kansas City Business Journal has released the news that Menards will anchor the development. Waterside, located at at the northeast quadrant of Interstate 435 and State Avenue, plans to include a mix of restaurants and retail stores in addition to junior anchors.   This location provides the best visibility and access in this thriving corridor. The work, live, play corridor is comprised of The Kansas Speedway, Sporting Park, The Legends Outlets, Nebraska Furniture Mart, Hollywood Casino, the T-Bones Stadium and Great Wolf Lodge. The additions of Cerner’s 600,000 SF campus and the 100,000 SF Dairy Farmers of America World Headquarters (Kansas City’s Largest Private Employer) have added an office component. The area attracts over 12 million visitors a year and continues to grow with the future US Soccer Training Center, the Legends Auto Mall and the newly announced relocation of the American Royal.

AREA Real Estate Advisors’ Tiffany Ruzicka and Matt Vaupell represented the seller in this transaction.

Sears to Roll Out New, Smaller Stores- First in Overland Park

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Sears will open its first round of a new, smaller store concept next month, with one of the first locations in Overland Park. Called Sears Home & Life, the smaller stores (10,000-15,000 SF) will focus on mattresses, major and small appliances and home services.  It will offer integrated retail services including online purchase kiosks, free store pick up on items ordered online, in-vehicle pickup options, and Home & Life experts available to explore how appliances will look in customers’ homes.

The Overland Park location is one of 3 stores that plan to open over Memorial Day weekend. It will be located in The Fountains Shopping Center, in the former Crowley Furniture space at 119th Street & Lamar Ave. AREA’s Rich DuVall and Joanna Shawver, of The Shawver Group represented Sears in this transaction. Block Real Estate Services LLC represented the Landlord. The other two locations to open that weekend are in Lafayette, Louisiana and Anchorage, Alaska.

To read full articles on Sears’ new concept- Click here for the Kansas City Star and here for The Kansas City Business Journal.

AREA Makes KC Biz Journal Top Commercial Real Estate Lists

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AREA Real Estate Advisors made it in the top 10 of The Kansas City Business Journal’s list of “Top Area Commercial Real Estate Firms” for 2018. AREA was ranked #8 based on dollar volume of sales and lease transactions last year, with $179.7 million. To view the list online, click here (must have KCBJ subscription). To download the list, click here.

AREA has also made it in the top 10 of The Kansas City Business Journal’s list of “Most Active Commercial Real Estate Firms” for 2018. AREA was ranked #9 based on number of local transactions last year, with 249. To view the list online, click here (must have KCBJ subscription). To download the list, click here.

The Largest Bank in the U.S. Comes to Kansas City

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Extra, extra, read all about it! JPMorgan Chase Bank, the largest bank in the United States, announced they will be opening two locations in the Kansas City area. While the bank has had a presence in Kansas City with their middle-market banking team, they have never operated a full retail branch in the area. One of the two inaugural locations will be at the former Dean & Deluca building at 4700 W 119th Street (listed by AREA). The former Dean & Deluca building, a prime outparcel adjacent to Town Center Plaza hit the market less than a year ago.

“We had a lot of interest from premier retailers due to its high-profile location,” AREA’s Scott Miller said. “Everything from restaurants to service retailers and soft goods retailers looked at the space. Ultimately the best fit for everybody ended up being JPMorgan Chase.”  This is just the beginning of Chase’s expansion into the market. Another location will open at 7701 State Line Road, with an estimated 15 more branches to come to the area.  This is a major bonus to the market, as this only creates more jobs for our residents and better access to credit.

Scott Miller and Adam Blue were the agents on the lease transaction. To read more on the transaction in the Kansas City Business Journal and MetroWire Media, click here and here.

New Upscale Dog Daycare Opening at Prairie Village Shops

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Construction at On the Ball dog daycare is nearing completion and are set to open in the next couple of weeks at The Village Shops in Prairie Village. The 3,563 SF space is located between The Tavern and Rimann Liquors on the north side of the shopping center. On the Ball is an upscale dog daycare that focuses on making both dog and dog parents’ lives easier and more enjoyable. The services include daycare, boarding, spa, curbside and concierge services. They also include home pick-up and drop-off services, so there is no need to rush to work in the morning or rush home after work to pick up your furry friend. While your pup is enjoying it’s stay (day or overnight), you have access to their state-of-the-art web cameras through an app, so you are able to check-in and see how your dog is doing. On the Ball only staffs experienced, reliable team members that believe in its mission to fulfill the needs of the community by providing high level service, so you can be worry free throughout the day knowing your dog is in the best hands.

Catch a sneak peek of the grooming salon, luxury suites and front entry below!

     
For more information or to sign up for the VIP email list, go to www.ontheballkc.com.

See you in the barking lot!