{"id":1004692205,"date":"2023-11-29T04:25:50","date_gmt":"2023-11-29T12:25:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004692205"},"modified":"2023-11-29T10:00:29","modified_gmt":"2023-11-29T18:00:29","slug":"advisors-excel-buys-kansas-mall","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/","title":{"rendered":"New Owner Eyes Makeover for 1 MSF Topeka Mall"},"content":{"rendered":"
\"Advisors<\/a>

Advisors Excel Co-Founders Cody Foster and David Callanan outside West Ridge Mall in Topeka, Kan. Image courtesy of Advisors Excel<\/em><\/p><\/div>\n

Advisors Excel<\/strong>, a financial and investment services company, has acquired the West Ridge Mall in its hometown of Topeka, Kan., from Long Island, N.Y.,-based Kohan Retail Investment Group<\/strong> for an undisclosed amount. The firm plans to convert the aging enclosed 992,000-square-foot shopping center into a mixed-use lifestyle center.<\/p>\n

Plans by the new ownership group include converting some of the space into offices<\/a> for the company\u2019s headquarters. Advisors Excel expects more than 500 of its employees to work at the renovated mall once that work is complete. The owners, led by Advisors Excel co-founders Cody Foster and David Callanan, also want to incorporate co-working spaces, entertainment, retail, dining, event and green space into their plans for the revitalized mall. New tenants and uses could include theaters, fitness centers, spas, breweries and cafes.<\/p>\n

\n

READ ALSO<\/strong>: Office Conversions Surge<\/a><\/p>\n

\n

Built in 1988 by Simon Properties<\/strong> on SW Wanamaker Road, West Ridge Mall is the third-largest enclosed mall in Kansas. Anchors when the mall opened included JCPenney<\/strong> and Dillard\u2019s<\/strong>, which are still located there, and Sears<\/strong>, which closed in 2018. Macy\u2019s<\/strong> was also a former tenant but left in 2012. More than half the retail storefronts are currently empty, but Advisors Excel is working to retain all current tenants, mall employees and management during the transition and to add more retailers and dining options.<\/p>\n

The company\u2019s purchase includes more than 30 acres of the property, the connecting wings, the former Burlington Coat Factory store area, west parking lot and roadways around the mall. It doesn\u2019t include spaces occupied by JCPenney, Dillard\u2019s, Furniture Mall of Kansas or the former Sears spaces, which are owned by several holding companies, according to the Topeka Capital-Journal.<\/em><\/p>\n

Giving malls a facelift<\/strong><\/h2>\n

Foster said in a prepared statement developers are looking to shift shopping centers to multi-purpose lifestyle hubs with the goal of getting consumers, tenants and professionals in the doors again.<\/p>\n

Molly Howey, president of GO Topeka<\/strong>, an area economic development agency, said in prepared remarks the 21st century mall has the potential to offer dynamic mixed-use spaces that include lifestyle amenities and office space sought-after by young professionals and provide multifaceted experiences for diverse demographics. Howey added that local ownership will ensure a customized approach that will be tailored to the community\u2019s needs.<\/p>\n

Foster also heads AIM Strategies<\/strong>, a public equity company focused on developing downtown Topeka. AIM Strategies has invested more than $60 million in commercial properties and ventures in the city, including the Cyrus Hotel and office properties.<\/p>\n

Also in Kansas, RockStep Capital<\/strong> recently purchased Manhattan Town Center, a 367,000-square-foot regional shopping center in downtown Manhattan, Kan<\/a>. Anchors include Dillard\u2019s, JCPenney and the AMC Dine-In IMAX theater.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plans call for the property\u2019s conversion into a mixed-use lifestyle center.<\/p>\n","protected":false},"author":1068,"featured_media":1004692280,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21783,13,21752,21742,21749],"tags":[38946,38136,33353,38719],"class_list":["post-1004692205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-investment","category-midwest","category-mixed-use","category-latest","category-retail","tag-dillards","tag-jcpenney","tag-macys","tag-sears"],"acf":[],"yoast_head":"\nNew Owner Eyes Makeover for 1 MSF Topeka Mall - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Advisors Excel has acquired the West Ridge Mall in its hometown of Topeka, Kan., from Kohan Retail Investment Group.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Owner Eyes Makeover for 1 MSF Topeka Mall\" \/>\n<meta property=\"og:description\" content=\"Advisors Excel has acquired the West Ridge Mall in its hometown of Topeka, Kan., from Kohan Retail Investment Group.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-29T12:25:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-29T18:00:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Advisors_Excel_has_acquired_the_West_Ridge_Mall.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"801\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/\",\"name\":\"New Owner Eyes Makeover for 1 MSF Topeka Mall - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Advisors_Excel_has_acquired_the_West_Ridge_Mall.jpg\",\"datePublished\":\"2023-11-29T12:25:50+00:00\",\"dateModified\":\"2023-11-29T18:00:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"description\":\"Advisors Excel has acquired the West Ridge Mall in its hometown of Topeka, Kan., from Kohan Retail Investment Group.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Advisors_Excel_has_acquired_the_West_Ridge_Mall.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Advisors_Excel_has_acquired_the_West_Ridge_Mall.jpg\",\"width\":801,\"height\":600,\"caption\":\"Advisors Excel Co-Founders Cody Foster and David Callahan outside West Ridge Mall in Topeka, Kan. Image courtesy of Advisors Excel\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Owner Eyes Makeover for 1 MSF Topeka Mall\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"New Owner Eyes Makeover for 1 MSF Topeka Mall - Commercial Property Executive","description":"Advisors Excel has acquired the West Ridge Mall in its hometown of Topeka, Kan., from Kohan Retail Investment Group.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/","og_locale":"en_US","og_type":"article","og_title":"New Owner Eyes Makeover for 1 MSF Topeka Mall","og_description":"Advisors Excel has acquired the West Ridge Mall in its hometown of Topeka, Kan., from Kohan Retail Investment Group.","og_url":"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-11-29T12:25:50+00:00","article_modified_time":"2023-11-29T18:00:29+00:00","og_image":[{"width":801,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Advisors_Excel_has_acquired_the_West_Ridge_Mall.jpg","type":"image\/jpeg"}],"author":"Gail Kalinoski","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/","url":"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/","name":"New Owner Eyes Makeover for 1 MSF Topeka Mall - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Advisors_Excel_has_acquired_the_West_Ridge_Mall.jpg","datePublished":"2023-11-29T12:25:50+00:00","dateModified":"2023-11-29T18:00:29+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"description":"Advisors Excel has acquired the West Ridge Mall in its hometown of Topeka, Kan., from Kohan Retail Investment Group.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Advisors_Excel_has_acquired_the_West_Ridge_Mall.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Advisors_Excel_has_acquired_the_West_Ridge_Mall.jpg","width":801,"height":600,"caption":"Advisors Excel Co-Founders Cody Foster and David Callahan outside West Ridge Mall in Topeka, Kan. Image courtesy of Advisors Excel"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/advisors-excel-buys-kansas-mall\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"New Owner Eyes Makeover for 1 MSF Topeka Mall"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Advisors_Excel_has_acquired_the_West_Ridge_Mall.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004692205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004692205"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004692205\/revisions"}],"predecessor-version":[{"id":1004692388,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004692205\/revisions\/1004692388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004692280"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004692205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004692205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004692205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}