Lee’s Summit enlists partners to revamp Downtown Market Plaza

Lee’s Summit has landed two partners to help spearhead a mixed-use revamp of its historic downtown district. On Tuesday, City Council members approved a development structure agreement with Kansas City-based Lane4 Property Group Inc. and New York-based Biederman Redevelopment Ventures. They will be master developer and manager for the city’s Downtown Market Plaza, respectively. Read more in the Kansas City …

S.L. Nusbaum Realty Co. Sells Four Shopping Center Outparcels In Separate Transactions

NORFOLK, VA (January 2021): SLN Capital Markets, a division of S.L. Nusbaum Realty Co., completed the sale of four separate outparcels to four different buyers at the Greenbrier Square Shopping Center in Chesapeake, VA. All of the transactions occurred within a few months after they hit the market, showing the continuing high demand for single tenant net leased assets. “All …

S.L. Nusbaum Realty Co. Brokers Sale Of Class A Medical Office Building In Richmond, VA

RICHMOND, VA (January 2021): S.L. Nusbaum Realty Co. is pleased to announce the sale of GreenGate Medical Office Building at 3400 Haydenpark Lane in Richmond, VA. The property was purchased by Montecito Medical Real Estate. Nathan Shor and Reid Cardon of S.L. Nusbaum Realty Co.’s Richmond office and Chris Zarpas and Chris Devine of the Norfolk office facilitated the transaction. …

Faris Lee Investments Arranges $13 Million Off-Market Acquisition of Multi-Tenant Shopping Center in Orange County, CA

Irvine, CA – (Jan 5, 2021): In a continued effort to carefully evaluate opportunities for its clients, Faris Lee Investments has arranged the off-market purchase of Meridian Plaza, a multi-tenant retail center anchored by Dollar Tree in Cypress, CA. The 28,500 square feet property fronts Katella Avenue, one of the primary east-west thoroughfares in the trade area, trafficked by more …