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JLL Capital Markets announced it has closed the sale of the 279,843-square-foot Adam's Dairy Landing facility in Blue Springs, MO. Photo credit: JLL Capital Markets.
Posted November 5, 2024
Adam’s Dairy Landing, a nearly 280,000-square-foot retail center in Blue Springs has been sold to Chicago-based JLL Capital Markets.
The building is located at the southeast corner of I-70 and Adam’s Dairy Pkwy, approximately 20 miles east of downtown Kansas City.
Terms of the sale were not disclosed. JLL worked on behalf of the seller, Albanese Cormier Holdings, LLC, and represented the buyer, Fidelis Realty Partners LLC.
With a total space of 279,843 square feet, the facility is currently 98% leased by tenants including Target, Kohl’s, TJ Maxx, HomeGoods, Ross Dress for Less, Ulta Beauty and Michaels.
“The sale of Adam’s Dairy Landing is indicative of the strong demand for well-located, high-performing, open-air power centers in growing suburban markets,” Michael Nieder, Senior Director of JLL Capital Markets, said in a release. “The property’s diverse national tenant mix and recent leasing momentum attracted significant investor interest.”
JLL is a global commercial real estate and investment management company. It has more than 110,000 employees and is featured in the Fortune 500 with annual revenue of $20.8 billion operating in over 80 countries.
