Independence Center, Independence, MO
INDEPENDENCE, MO—Los Angeles, CA-based IGP Business Group, which owns and operates enclosed regional malls throughout the United States, has acquired Independence Center in Independence, MO, a 951,399 square-foot super-regional mall servicing the eastern side of the Kansas City MSA. Anchor tenants including Dick's Sporting Goods, Dillard's, Macy's and Sears are complimented by a lineup of more than 60 additional regional and national retailers.
An NKF Investment Sales team led by executive managing director Thomas Dobrowski and director Katharine French of the firm's NYC office arranged the sale.
“Independence Center provides IGP with the opportunity to enhance and build-upon an already strong asset,” says Dobrowski. ”There are numerous opportunities to enhance the look and feel of the mall through development and cosmetic upgrades, including the addition of further uses such as entertainment and fitness.”
Originally built in 1974 and renovated in 2011, Independence Center is one of two enclosed regional malls in Kansas City. A stable and high-performing asset with significant value-add potential, the mall is the nexus of retailing activity in the eastern portion of the Kansas City metro area and is strategically located to provide a competitive advantage to national and regional retailers seeking enclosed mall opportunities within the trade area.
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Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
