{"id":1004736382,"date":"2024-11-08T03:58:18","date_gmt":"2024-11-08T11:58:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004736382"},"modified":"2024-11-08T03:59:26","modified_gmt":"2024-11-08T11:59:26","slug":"fidelis-realty-pays-40m-for-kansas-city-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fidelis-realty-pays-40m-for-kansas-city-shopping-center\/","title":{"rendered":"Fidelis Realty Pays $40M for Kansas City Shopping Center"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Adams-Dairy-Landing-in-Blue-Springs-Missouri-edited.png\"><img loading=\"lazy\" decoding=\"async\" width=\"719\" height=\"539\" data-attachment-id=\"1004736385\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/adams-dairy-landing-in-blue-springs-missouri-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Adams-Dairy-Landing-in-Blue-Springs-Missouri-edited.png\" data-orig-size=\"719,539\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Adams Dairy Landing in Blue Springs, Missouri\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Adams-Dairy-Landing-in-Blue-Springs-Missouri-edited.png?w=719\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Adams-Dairy-Landing-in-Blue-Springs-Missouri-edited.png\" alt=\"Aerial shot of Adam's Dairy Landing, a 280,000-square-foot retail center in Blue Springs, Missouri.\" class=\"wp-image-1004736385\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Adams-Dairy-Landing-in-Blue-Springs-Missouri-edited.png 719w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Adams-Dairy-Landing-in-Blue-Springs-Missouri-edited.png?resize=300,225 300w\" sizes=\"auto, (max-width: 719px) 100vw, 719px\" \/><\/a><figcaption class=\"wp-element-caption\">The Adam&#8217;s Dairy Landing shopping center covers a 36-acre site. <em>Image courtesy of JLL Capital Markets<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Fidelis Realty Partners LLC has purchased Adam\u2019s Dairy Landing, a 280,000-square-foot retail center in Blue Springs, Mo., in the Kansas City metro area. JLL Capital Markets represented seller Albanese Cormier Holdings LLC, also sourcing acquisition financing through MetLife Investment Management.\u00a0The property traded for $39.8 million and the acquisition loan totaled $27.9 million, CommercialEdge shows. The property last traded in 2021, for $32 million. \u00a0<\/p>\n\n\n\n<p>Adam\u2019s Dairy Landing is\u00a0a regional open-air retail center developed between 2009 and 2012, covering 36 acres. The eight-building property has a diverse tenant roster, including Bath&amp;Body Works, Michaels, Barnes&amp;Noble, Old Navy, HomeGoods, Ross Dress for Less, TJ Maxx and Five Guys. The property\u00a0is currently 98 percent leased. Shadow anchors include Target, a Walmart Supercenter and a Home Depot. \u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-kansas-city-retail-center-just-off-interstate-70\">A Kansas City retail center just off Interstate 70<\/h2>\n\n\n\n<p>The shopping center is at 880 NE Coronado Drive, just off Interstate 70 and Adam\u2019s Dairy Parkway. Other major thoroughfares in the area include Highway 40 W and NW Highway 7. Downtown Kansas City is some 20 miles west. \u00a0<\/p>\n\n\n\n<p>The JLL Capital Markets investment and sales advisory team brokering the deal included Senior Director Michael Nieder, as well as Managing Directors Chris Gerard and Keely Polczynski. Additionally, the company\u2019s debt advisory team was led by Senior Managing Director Colby Mueck, as well as Managing Director Chris Knight and Director Michael King.\u00a0<\/p>\n\n\n\n<p>Just last week, a <a href=\"https:\/\/www.commercialsearch.com\/news\/longpoint-buys-houston-shopping-center\/\">JLL Capital Markets team brokered<\/a> a similar transaction, but in the Houston area. Longpoint Realty Partners bought Mason Village Shopping Center, a 96,486-square-foot asset in Katy, Texas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JLL Capital Markets brokered the deal on behalf of the seller and procured financing.\u00a0<\/p>\n","protected":false},"author":3619,"featured_media":1004736385,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,1592,13,21742,21749],"tags":[40943,39010,44006],"class_list":["post-1004736382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-kansas-city","category-midwest","category-latest","category-retail","tag-albanese-cormier-holdings","tag-fidelis-realty-partners","tag-jll-capital-markets"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fidelis Realty Pays $40M for Kansas City Shopping Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Fidelis Realty Partners LLC has purchased Adam\u2019s Dairy Landing, a 279,843-square-foot retail center in Blue Springs, Mo.\" \/>\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\/fidelis-realty-pays-40m-for-kansas-city-shopping-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fidelis Realty Pays $40M for Kansas City Shopping Center\" \/>\n<meta property=\"og:description\" content=\"Fidelis Realty Partners LLC has purchased Adam\u2019s Dairy Landing, a 279,843-square-foot retail center in Blue Springs, Mo.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fidelis-realty-pays-40m-for-kansas-city-shopping-center\/\" \/>\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=\"2024-11-08T11:58:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-08T11:59:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/Adams-Dairy-Landing-in-Blue-Springs-Missouri-edited.png\" \/>\n\t<meta property=\"og:image:width\" content=\"719\" \/>\n\t<meta property=\"og:image:height\" content=\"539\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\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\/fidelis-realty-pays-40m-for-kansas-city-shopping-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/fidelis-realty-pays-40m-for-kansas-city-shopping-center\/\",\"name\":\"Fidelis Realty Pays $40M for Kansas City Shopping Center - 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