Block & Company announces the sale of a 83,000 +/- SF Multi-Tenant Retail Building located in Lawrence, KS

September 14, 2018

Block & Company, Inc., Realtors is proud to announce the recent sale of a 83,217 square-foot multi-tenant retail building at 3311 Iowa Street in Lawrence, Kansas. The property was purchased by an undisclosed buyer from 3311 Iowa Investors, LLC as part of a 1031 Exchange.

Formerly a JC Penney, the building was recently redeveloped and is now home to new long-term lease tenants Hobby Lobby, Five Below, and Home Goods. The retail building is located on the southwest corner of 33rd Street and Iowa Street at one of Lawrence, Kansas's prime retail corridors across from Super Target, Walmart, Kohl's, Michaels, Bed
Bath & Beyond, and many more.

David M. Block and Alex Block of Block & Company, Inc., Realtors negotiated the sale transaction and Block & Company Asset Management will be responsible for the property management of the property.

For information please contact: David M. Block or Alex Block

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