Block & Company's proposed Merriam Grand Station sold for new major redevelopment
October 31, 2022
Block & Company, Inc., Realtors
is proud to announce the sale of Merriam Grand Station located on Shawnee Mission Parkway between I-35 & Antioch. Drake Development purchased the former Kmart and Pegah's sites and plans to redevelop the property as a mixed-use development with two apartment buildings as well as retail and restaurant components. Both David M. Block, President of Block & Company, Inc., Realtors and Matt Pennington of Drake Development agree that this strategically located site acts as the front door to the city of Merriam and upon redevelopment will draw people from all over the Kansas City Metro Area.
Drake Development will keep Block's Merriam Grand Station name. The redevelopment anticipates opening in 2025.
Block & Company, Inc., Realtors will retain the management and leasing of the front lots on both sides of Shawnee Mission Parkway including the Freddy's Frozen Custard and the Krispy Kreme in front of the new development as well as the Shell Gas Station and the new Chipotle under construction across the street. Block & Company is responsible for the construction management of all these buildings. David M. Block
, Max Kosoglad
, and Alex Block
of Block & Company, Inc., Realtors negotiated the transaction on behalf of the seller. Matt Pennington of Drake Development negotiated on behalf of the buyer.
For more information on the lease transaction, contact us at (816) 753-6000 or email@example.com.
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.