The property includes a Kohl's, Old Navy and Kmart. Malan has recently reached an agreement modifying terms of sale for Kmart-anchored shopping centers.
Malan is working with Hutensky Capital Partners of Hartford, CT on a purchase agreement. The number of properties has been reduced to four from 11, and the purchase price has been adjusted to $14.8 million from $42 million.
Together, Sherwood Plaza in Springfield, IL, Kmart Plaza in Salina, KS, South City Center in Wichita, KS and Kmart Plaza in Jefferson City, MO consist of 467,685 sf of gross leasable area.
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