Newmark Grubb Zimmer Capital Markets Group Broker Sale of 23,652 sf Retail Center

SEPTEMBER 20, 2017
Newmark Grubb Zimmer Capital Markets and Gasperi Group Commercial Real Estate Broker Sale of 23,652 sf Retail Center

Newmark Grubb Zimmer and Gasperi Group Commercial Real Estate, LLC brokered the sale of a 23,652 sf multi-tenant retail center in Kansas City, Kansas along Parallel Parkway. The center was 100% occupied at the time of the sale including five tenants and anchored by AutoZone. The center was originally constructed in 1971 and was fully renovated in 2014. The renovation brought new life to the center and the area at large. Michael VanBuskirk, SIOR, CCIM, CRE and Chris Robertson of Newmark Grubb Zimmer and Steve Gasperi of Gasperi Commercial Real Estate, LLC negotiated the disposition on behalf of the seller. A private west coast investor acquired the property.

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