Colorado Investment Firm Buys Noland South Shopping Center in Independence

Posted July 7, 2026

Castle Rock, Colorado-based Dormie Capital Partners announces its acquisition of Noland South Shopping Center, a six-building retail center located in Independence, Missouri.

The center is located along South Noland Road and has access to I-70. The complex features a six-building retail portfolio totaling approximately 156,565 square feet across nine parcels on nearly 22 acres. The space also includes 8.26 acres of developable land.

Upon acquisition, the center is approximately 83% occupied.

Noland South’s established tenants include Harbor Freight Tools, Arvest Bank, Baskin-Robbins, Honey Baked Ham, and other service, restaurant, and neighborhood retail users, according to a release.

The property benefits from an in-place Community Improvement District (CID) that reimburses ownership. Capitals generated by the CID would go toward improvements such as roofing, HVAC, parking, signage, landscaping, and facade upgrades.

Additionally, Noland South will soon benefit from more than $100 million of new investment along the corridor. Tri-Land Properties’ plans to redevelop Noland Fashion Square, which has a new Price Chopper opening in 2027 as well as a planned Wally’s Independence travel center at the I-70 and Noland Road interchange.

Jay Hawkins and Tim Schaffer of AREA Real Estate Advisors represented the seller.

SouthState Bank’s Christian Lewis, Alexa Rosipal, and Ashley Kraft were the lenders on the transaction.