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KANSAS CITY, MO-Tri-Land Properties is working on aredevelopment plan for five dated shopping centers, totaling634,000 sf, starting with an $8-million refurbishment project atCherokee South Plaza in Overland Park, KS. The company boughtCherokee in 2005, and the other four in May and October 2006.
The other Kansas centers are Ten Quivira Shopping Center(175,000 sf) in Shawnee and Devonshire Village (49,000 sf) inOlathe. The company also bought two centers in Missouri--BrywoodShopping Center (208,000 sf) in Raytown and Blue Springs Market(84,000 sf) in Blue Springs. The company specializes in buyingstruggling centers and spending to redevelop them, owning andmanaging 2.8 million sf of commercial retail space.
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