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Overland Park | AREA Real Estate Advisors

Painted Tree Brushes the KC Market

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The Painted Tree Marketplace will enter the Kansas City market with its first location in Overland Park, KS. Overland Pointe Marketplace will soon be home to this creative community of shops, which features hundreds of local vendors all under one roof. Vendors at The Painted Tree include local shop owners, boutiques, decorators and artisans offering gifts, décor, fashion, soaps, candles, and more. They offer workshops as well.

Painted Tree has locations across Arkansas, Georgia, Illinois, Missouri, North Carolina, Tennessee & Texas. This is the first location in Kansas, opening this fall.

Located on the NE corner of 135th & Antioch Road, Overland Pointe Marketplace is anchored by Sam’s Club, ALDI, Home Depot and Party City. The center will also be home to one of the first Whataburger locations in the market. AREA’s Andy Epstein represented the landlord in this lease transaction.

AREA Properties Recognized as Capstone Award Winners

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lightwell       

The Kansas City Business Journal has released their list of Capstone Award Winners, which reflect and honor the outstanding projects completed throughout the Kansas City area. AREA is pleased to be a part of three project winners – lightwell, MMGY’s Headquarter move to Edison District in the office category, and Artistry KC in the mixed-use category.  To be nominated, each project had to be move-in ready by the end of 2020.

Below is more information on our project winners.

Artistry KC is a mixed-use development at the southeast corner of 19th & Oak contributing to the historic East Crossroads ‘edgy vibe’.  It appeals to both the younger generations and empty nesters, melding state-of-the-art construction with architecture that compliments the current neighborhood. Artistry includes over 340 apartments and 11,256 sf of retail space that is truly a “blank canvas” for restaurant and retail partners to make their mark and create their own space, true to themselves and to their business. AREA handles the retail leasing for Artistry.   Click here to download our marketing package.

Situated in the heart of the financial district, lightwell is a building that carves a distinct silhouette in the Kansas City Skyline.  It is a $20 million class A office redevelopment that has quickly evolved into its very own downtown innovation district.  The building offers amenities many companies are seeking that cannot find or be done in the area, due to the buildings size.  Lightwell provides tenants with a state-of-the-art conference center fully equipped with the technology for virtual meetings, a hospitality style lounge, outdoor roof terrace, upgraded fitness center and ample social spaces. The transformation created a forward-thinking destination workplace with an emphasis on health, wellness, fitness, and food. AREA handles the office leasing as well as property management for lightwell. Click here to download our marketing package.

The Edison District is a mixed-use development that includes over 100,000 square feet of office, 10,000 square feet of retail, Strang Hall food hall, an outdoor event plaza, and a park; creating a truly walkable community. The developers see the Downtown Overland Park project as a suburban/urban hybrid development that adds more of an urban feel to Johnson County, adding amenities that previously were not there.  MMGY Global is the world’s leading integrated marketing company specializing in the travel, tourism, and hospitality industries. The space has a modern look with a variety of common areas mixed with more private space as well. Nexus5 Group was the contractor on the project buildout. GastingerWalker led the charge with the build-out of the space, drawing inspiration from MMGY’s 9 other global offices.

The award ceremony honoring these projects will be held on September 30th at the Arvest Bank Theater.

AREA also represented Mildred’s, Nickle & Suede, Hand & Land, as well as 46Penn in the leasing of their award-winning projects.  To see the full list of the 2020 Capstone Award winners, click here.

 

Regency Park Renovations & Leases

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Regency Park Renovations

Regency Park, at 93rd Street & Metcalf Ave in Overland Park, has held strong during a tough year for retail. The center has undergone some major renovations as well as signed several new leases and expansions, keeping the momentum going.

The $32 million renovations included new modern façades, lighting, signage, pedestrian improvements and landscaping. Occupancy was around 50% before the purchase and renovations by Mission Peak Capitol, a real estate investor and developer based out of Kansas City, and is now close to 80%.

The most notable new lease at Regency Park is Chiefs Fit, a 37,000 SF fitness facility opening this month. Other leases and openings since the pandemic include Eye Associates, La Fuente Mexican Street Food, Jersey Mike’s Subs, Energize OP and Star Nails and Spa. TableTop Game & Hobby expanded and joined forces with Cardboard Café to open a gaming café that offers coffee, cocktails and waffles. Petworks Vet Hospital also expanded to double the size.

Click here for the full article from The Kansas City Business Journal.

AREA’s Andy Epstein, Matt Vaupell & Rachel West handle the leasing for Regency Park. Click here to download the leasing package.

Smart Warehousing Moves Office HQ to Downtown OP

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Smart Warehousing will join MMGY Global & Wellington at Edison District in Downtown Overland Park. A warehousing and fulfillment company, Smart Warehousing will relocate its current office headquarters from Edgerton, MO.  It will move close to 70 employees to the new 16,000 SF space. The new location allows for continual company growth, while attracting top talent in a new setting. Smart Warehousing will maintain its warehouse space in Edgerton.

Smart Warehousing offers supply chain services to help clients meet their fulfillment needs. They accurately store, pick, pack, and ship products so customers can remain focused on their core business.  Aside from giving its employees a new setting, the company has implemented a growth strategy to increase revenues tenfold by 2025.

Downtown Overland Park has experienced a modern renaissance, becoming a major hot spot in Johnson County.  The main driver behind the Edison District Development has been not only to add more office space to Johnson County, but to add new energy to the area through its working professionals, retail venues and entertainment opportunities.  Smart Warehousing will bring just that and more. We look forward to watching their success unfold in their new space!

Click here for the Kansas City Business Journal’s article on Smart Warehousing’s move.

AREA’s Mary Crowe & Tim Schaffer handle the office leasing, and Tiffany Ruzicka and Rachel West handle the retail leasing at Edison District. To download the leasing package, click here.

Edisondistrict.com

Photo courtesy of The Opus Group.

Bluhawk Development Progress

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Bluhawk mixed-use development at 159th & Antioch in Overland Park has continued progressing, with recent restaurant additions to the Marketplace. Cactus Grill and Gyu-Kaku Japanese BBQ are now open; Freddy’s Frozen Custard & Steakburgers will open soon. TJMaxx is under construction and set to open in the spring. Bluhawk Marketplace is anchored by Cosentino’s Market and includes several other local and national retail and restaurants.

Bluhawk Sports Park, a 309,000 square-foot indoor multisport complex and 120,000 square-foot arena, is set to start construction in the spring or summer of 2021. Along with the sports park, a 99-room Holiday Inn Express will start construction as well. There are 2 other hotels planned for the development.

Bluhawk development also includes two, 16,000 SF one-story office buildings. Availabilities include 1,000 SF to 16,000 SF of medical or general office space.

AREA’s Matt Vaupell handles the retail leasing for Bluhawk.