Trophy Kansas City Area shopping center changes hands to close out 2021
January 1, 2022
Block & Company, Inc., Realtors
based out of Kansas City announced the acquisition of Orchard Corners Shopping Center at the close of 2021. Located at the southwest corner of 95th Street and Quivira Road in Lenexa, Kansas, Orchard Corners is considered to be one of the most sought after community power centers by investors because of its prime location across from the Oak Park Mall. The center, which was marketed for sale nationally, will remain in local hands.
Block & Company, Inc. will continue to handle the property management of the over 200,000 square-foot shopping center which sits on approximately 19 acres of ground and in addition, Block & Company will assume the leasing of the center as well.
Anchor tenants at Orchard Corners include Nordstrom Rack, TJ Maxx, HomeGoods, Michaels, and many other tenants, as well as several restaurants and pad site users. The shopping center currently has a large space available for lease which was a 37,000 square-foot end cap previously occupied by Stein Mart. With exception to this availability, Orchard Corners has maintained an exceptionally high occupancy rate throughout the years. Built in 1971 and renovated in the 1990's, Orchard Corners has spectacular visibility and access from Oak Park Mall, which is located directly to the east across Quivira Road.David M. Block
, President of Block & Company, Inc., represented the buyers in the investment sale transaction. David M. Block confirms that the ownership has been transferred to a new group of local investors including himself and Doug Compton from Lawrence, KS. CBRE Chicago represented the sellers in the transaction.
David Block recently stated, "I'm very excited about the opportunity to represent this signature property and for it to remain in local hands."
Please contact David M. Block
for more information regarding this property.
Additional Block & Company Resources:Block & Company, Inc., Realtors Retail Brokerage InformationBlock & Company, Inc., Realtors Property Management InformationSign Up for My Block to unlock additional information**Please source and hyperlink this press release if cited**About Block & Company, Inc., RealtorsBlock & Company, Inc. Realtors is a full service commercial real estate company headquartered in Kansas City, Missouri since its inception in 1946. The firm's services include brokerage, development, investment, asset/property management, tenant representation, and corporate real estate services. Our commercial brokerage specializes in restaurant, retail, automotive, hotel, industrial, office, shopping center/development, commercial investments, asset/property management, and many other real estate services. With transactions extending to 187 cities in 35 states, Block & Company manages millions of square feet of retail, restaurant, office, and industrial space. Block & Company is proud to be known as one of the Midwest's premier full service real estate organizations, consistently ranked among the industry leaders by trade magazines, local business publications, and our industry peers.