The property is anchored by a 40,492-sf Whole Foods Market, theonly one in the state, says George Cushing with Grubb & EllisCo. Cushing, senior vice president of the Institutional InvestmentGroup, represented the seller on the deal with WendyVandeventer.
Cushing tells GlobeSt.com that he's not sure why Knoth sold theproperty, which the company developed in 2000. He says the centeris 92% occupied and has an average rent of $18 per sf.
"The retail market in Overland Park seems to be quite strong,"Cushing says. "It's a very dynamic region of Kansas City, obviouslysince Whole Foods chose to locate there. Also in that immediatearea there's been some renovation of retail planned, it's a maturetrade area that's getting an overhaul."
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