Kansas City Commercial Real Estate – AREA Real Estate Advisors

After far exceeding Kansas City’s expectations, Todd Schulte and Cory Dannehl, owners of Brookside’s Earl’s Premier, are at it again! The duo has announced their newest venture, Bacaro Primo, a casual Italian restaurant and bar, will open not far from Earl’s. Currently under renovations, Bacaro will occupy the former Café Europa space (323 E 55th Street, Kansas City, MO) in Crestwood Shops, with a spring 2023 opening.

Much like Earl’s, Bacaro Primo will be casual and smaller in size, serving up mouthwatering dishes.  With a focus on deli meats and centered around a salami bar, Bacaro will feature a fire engine hand slicer creating sliced-to-order charcuterie boards. The menu will also include wood-fired pizzas and fresh pastas with an emphasis on imported products not easily found anywhere else in the city. “Quality is the name of the game first and foremost,” says Schulte.  Along with the high-quality food menu, the restaurant will feature a curated wine, beer, and cocktail menu, with a special program for negronis and amaros.

Schulte and Dannehl were first attraced to Crestwood Shops after seeing first hand how a small restaurant on a good block, run with top talent, and serving great food can build a loyal following. Bacaro Primo becomes the first new tenant in the historical shopping center after 15 years.  The restaurant is named after the famous ancient Venetian wine taverns, known as “bacari.” These little wine bars are used as a place to mingle over plates of food and a glass or two of wine. They will be open for lunch and dinner Monday through Saturday. We can’t wait for you to assaporare! Mangia!

AREA’s Rachel West represented Crestwood Shops in the transaction. To read more about the highly anticipated restaurant, click here for the Kansas City magazine article and here for the Kansas City Star article.

To see the Crestwood Shops marketing package, download it here.

AREA Real Estate Advisors has hired three new team members to support its property management division’s dynamic growth.  AREA has experienced a 99 percent growth in its management portfolio, managing more than 2 million sq ft in 2021 to more than 4.2 million sq ft in 2022.

In early November, AREA’s property management group began overseeing a new client’s portfolio of industrial flex space, including 20 buildings and 760,000 square feet. Along with these new assignments, AREA has welcomed three new employees: Property Manager Mike Long, Property Manager Martin Whipple, and Property Administrator Anna Waldron. Whipple and Waldron both join AREA from Axiom Property Management. Long was previously at Curry Real Estate Services.

Long has more than 25 years of property management experience and most recently oversaw the multi-family management department at Curry. He is a past president of Kansas City IREM, holds IREM CPM designation, and is currently on the IREM National Membership and Credentialing Committee. 

Whipple has more than 22 years of industry experience, which includes time at Hines and Colliers.  

Waldron recently started her career in commercial real estate. She earned her undergraduate degree at the University of Houston and her master’s degree in Piano Performance at UMKC. 

 “AREA Real Estate Advisors is a special place where highly committed, thoughtful people can do their best work,” said Tim Schaffer, AREA Real Estate Advisors founder and president. “Doug exemplifies that spirit, and I know Mike, Martin, and Anna are ready to pick up the torch and continue growing AREA’s property management group.”

The Kansas City Business Journal interviewed Tim Schaffer and Doug Grossenbacher on the firm’s property management expansion. To read the full article, click here.