An iconic destination in Kansas City for more than 90 years is up for sale. Owner Highwoods Properties has listed Kansas City’s Country Club Plaza shopping center for sale.
According to the company’s news release, the company hopes to use the proceeds of the sale of the Plaza to finance the purchase of commercial sites in Atlanta and Tampa.
Highwoods took over the ownership of the Country Club Plaza in 1998.
According to the news release, the Plaza has lived the longest life of any planned shopping center in the U.S. The company calls the Plaza the first master-planned suburban shopping center in the country, and the world’s first shopping center designed to accommodate customers arrive by car.
According to Highwoods Properties, the 776,000 square feet of retail space is 94% occupied. The Plaza also boasts 617,000 square feet of office space, which the owner says is 99% occupied.
These photographs were part of the company’s presentation highlighting the transactions. You can view that presentation here.