{"id":1004814905,"date":"2026-10-08T06:13:38","date_gmt":"2026-10-08T14:13:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004814905"},"modified":"2026-10-08T06:13:41","modified_gmt":"2026-10-08T14:13:41","slug":"exclusive-kansas-city-retail-center-gets-50m-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exclusive-kansas-city-retail-center-gets-50m-financing\/","title":{"rendered":"Exclusive: Kansas City Retail Center Gets $50M Financing"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6ac7b89023f1f&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004752222\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/first-washington-realty-buys-dc-area-retail-center\/the-station-at_riverdale\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/The-Station-at_Riverdale.jpg\" data-orig-size=\"800,600\" 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=\"The Station at_Riverdale\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Whole Foods Market at The Station at Riverdale. Image courtesy of First Washington Realty&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/The-Station-at_Riverdale.jpg?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/The-Station-at_Riverdale.jpg\" alt=\"Whole Foods Market at The Station at Riverdale\" class=\"wp-image-1004752222\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/The-Station-at_Riverdale.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/The-Station-at_Riverdale.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/The-Station-at_Riverdale.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Last year, the company also acquired The Station at Riverdale, a Whole Foods Market-anchored shopping center in Washington, D.C. <em>Image courtesy of First Washington Realty<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>First Washington Realty has obtained a $50 million refinancing loan for The Shops of Prairie Village, a 298,703-square-foot retail center in Prairie Village, Kan., according to Yardi Matrix information. Prudential Financial originated the permanent note.<\/p>\n\n\n\n<p>Previous financing includes a $28.5 million loan from Nationwide, the data provider shows. That note, dating back to June 2015, was set to mature in June last year.<\/p>\n\n\n\n<p>First Washington acquired the 1950-completed asset back in February 2015 from Cosentino\u2019s Food Stores. Tenants at the 20-acre property include The Body Lab, Hollywood Feed, Bag &amp; Baggage, Dolce Bakery, Village Flower Co. and Chill in the Village.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/retail-market-trends\/\">Retail Market Trends in 2026<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Located at 6950 Mission Lane, the 10-building retail center is about 1 mile from the city center and 10 miles from downtown Kansas City. On a 5-mile radius, the property serves a population of 286,196 with a $111,787 average household income, its website shows.<\/p>\n\n\n\n<p>Kansas City\u2019s retail fundamentals remained relatively stable in 2026, with average asking rents forecast to reach $15.6 per square foot by year-end, up 70 basis points year-over-year, according to a Marcus &amp; Millichap report. Limited new supply has helped support operating conditions even as investment activity moderated, providing a relatively steady backdrop for lender interest in well-positioned assets such as The Shops at Prairie Village.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-first-washington-s-recent-retail-activity\">First Washington\u2019s recent retail activity<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/investment-matters-rocking-neighborhood-retail\/\">First Washington focuses on retail properties<\/a> all across the country, although with more assets in coastal markets. The company targets necessity- and convenience-based retail assets in markets characterized by high barriers to entry and limited new development.<\/p>\n\n\n\n<p>In Kansas City, the firm has four more properties, out of which one was recently acquired. First Washington purchased the 124,808-square-foot Liberty Corners last month from Brixmor Property Group. The retail center is about 28 miles away from The Shops of Prairie Village.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prudential Financial issued the note for the Prairie Village asset. <\/p>\n","protected":false},"author":3355,"featured_media":1004752222,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1592,13,21742,21749],"tags":[46502,33583,33626],"class_list":["post-1004814905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-kansas-city","category-midwest","category-latest","category-retail","tag-first-washington-realty-inc","tag-nationwide-life-insurance-company","tag-prudential-financial"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Exclusive: Kansas City Retail Center Gets $50M Financing - 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