• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
  • Pickem Terms and Conditions
Tuesday, May 30, 2023
The Platte County Landmark Newspaper
  • Home
  • Local News
  • Opinion
  • Landmark Pickem!
    • Weekly Pickem Updates
    • Results by Week
    • The Leaderboard
    • Pickem Rules and Help
  • Landmark Live!
  • Looking Backward
  • es_MXSpanish
  • Home
  • Local News
  • Opinion
  • Landmark Pickem!
    • Weekly Pickem Updates
    • Results by Week
    • The Leaderboard
    • Pickem Rules and Help
  • Landmark Live!
  • Looking Backward
  • es_MXSpanish
No Result
View All Result
The Platte County Landmark Newspaper
No Result
View All Result

Twin Creeks shopping area sold

Landmark Digital by Landmark Digital
October 27, 2022
in Headlines
Twin Creeks Shopping Center

An aerial photo of the Twin Creeks Shopping Center courtesy of Colliers International. Located at Barry Road and US Hwy. 169, the center was formerly known as Barry Towne.

9
SHARES
230
VIEWS
Share on FacebookShare on TwitterShare via Email

FORMERLY KNOWN AS BARRY TOWNE

The Twin Creeks Shopping Center, located northwest of Barry Road and US Hwy. 169 near the Platte-Clay county border, has been sold.

RelatedNews

NKC, Clay County pursuing stadium for Royals

Judge increases bond for school threat suspect

Development coming near Ambassador Building

ACF Property Management of Studio City, Calif., a California property management company, acquired the retail center in Kansas City’s Northland. The center is reported to be at full occupancy.

According to the Kansas City Business Journal, ACF Property Management paid $32 million in late September for Twin Creeks Shopping Center, buying it from AREP III BT LLC, an affiliate of United Development Co. of Southlake, Tex.

The Twin Creeks Shopping Center was formerly known as Barry Towne Shopping Center. It is a 257,450-square-foot property anchored by Target — whose store was not included in the sale — and Kohl’s.

According to the Business Journal, Twin Creeks is 99.2% leased to 14 tenants, including Ross Dress For Less, ULTA Cosmetics, Petco, Five Below, Famous Footwear, Bath & Body Works, Spectrum and AT&T.

“The center sits in one of the fastest-growing submarkets in metro Kansas City, boasting an average household income of $89,089 with over 146,000 people located within a five-mile radius of the property,” Charley Simpson, a senior vice president with Colliers International, said in a recent release. “Additionally, the center’s two vacant land pads totaling 2.11 acres offer future upside for leasing or development.”

Simpson, El Warner and Caitlin Zirpolo, all of Colliers’ California-based National Retail Capital Markets team, represented AREP III BT in the transaction, alongside Drew Quinn of the firm’s Kansas City office.

Twin Creeks Shopping Center is southeast of the Northland’s Costco store and west of the Metro North Crossing redevelopment.

The shopping center also is just south of the 13,000-acre Twin Creeks area, which has been widely reported to be primed for thousands of potential new homes in the coming decades by a sewer expansion project completed about six years ago.

Morgan Stanley provided a $17 million loan to the buyer in connection with the acquisition, according to a report in the Kansas City Business Journal.

According to its website, ACF Property Management oversees 46 neighborhood shopping centers in 13 states, including the Shops at Boardwalk and North Oak Marketplace in the Northland, and Northridge Plaza in Olathe.

Landmark Digital

Landmark Digital

Related Posts

45 Years Ago–May 26, 1978

by Ivan Foley
May 29, 2023
0

Construction has begun on a new office building located across the street from the Platte County Courthouse at Fourth and Main Streets next to the Ben Franklin Store. The building is being built for Owens Realty by Callegari Construction Company....

30 Years Ago–May 21, 1993

by Ivan Foley
May 29, 2023
0

David Wallingford of Platte City shows a big morel mushroom that he and his daughter, Tamara Workman, found underneath a dead elm. Wallingford, who has a heart condition, can’t walk too far from the road but he didn’t have far...

15 Years Ago–May 21, 2008

by Ivan Foley
May 29, 2023
0

A proposed unified development ordinance and zoning map is becoming an important topic at the City of Tracy, with potential growth on the way to the small town. There is talk of new homes and a truck stop potentially on...

The Ten

NKC, Clay County pursuing stadium for Royals

by Ivan Foley
May 29, 2023
0

CITY, COUNTY LEADERS SEND LETTER City of North Kansas City and Clay County government leaders on Friday made it clear they’re serious about pursuing a new stadium to house the Kansas City Royals. The Royals have declared a preference for...

Next Post
City Hall in Platte City

NEW CITY HALL GOING UP

Popular News

  • Parkville Days

    Downtown Parkville to host carnival

    52 shares
    Share 21 Tweet 13
  • Development coming near Ambassador Building

    23 shares
    Share 9 Tweet 6
  • Feds send messages to judges about incarcerations

    8 shares
    Share 3 Tweet 2
  • Memorial Day service set Monday at cemetery

    7 shares
    Share 3 Tweet 2
  • Bond for school threat suspect increased to $100,000

    39 shares
    Share 16 Tweet 10
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
  • Pickem Terms and Conditions
Call us at 816-858-0363

Copyright © 2019-2020 The Platte County Landmark Newspaper - All Rights Reserved

No Result
View All Result
  • Subscribe Online
  • Home
  • Local News
  • Opinion
  • Landmark Pickem
    • Login / Sign-up
    • Results by Week
    • The Leaderboard
    • Pickem Rules and Help
  • Landmark Live!
  • Looking Backward
  • es_MXSpanish

Copyright © 2019-2020 The Platte County Landmark Newspaper - All Rights Reserved