Tri-Land to Renovate 634,000-SF Portfolio

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KANSAS CITY, MO-Tri-Land Properties is working on a redevelopment plan for five dated shopping centers, totaling 634,000 sf, starting with an $8-million refurbishment project at Cherokee South Plaza in Overland Park, KS. The company bought Cherokee in 2005, and the other four in May and October 2006.

The other Kansas centers are Ten Quivira Shopping Center (175,000 sf) in Shawnee and Devonshire Village (49,000 sf) in Olathe. The company also bought two centers in Missouri–Brywood Shopping Center (208,000 sf) in Raytown and Blue Springs Market (84,000 sf) in Blue Springs. The company specializes in buying struggling centers and spending to redevelop them, owning and managing 2.8 million sf of commercial retail space.