http://goarticles.com/article/Wood-Flooring-for-Your-Living-Space/3822625
million. The Kansas City Business Journal reported that the PrairieVillage Shops, the Corinth Square shoppinb center in Prairie Village and the Fairway Shopzs in Fairway were under contracft to investors led by Lane4, a Kansas City-based commerciao real estate brokerage and development Highwoods (NYSE: HIW), based in Raleigh, disclosed the sale price in a Thursday The three shopping centers have a combined 2009 appraise value of about $64 million, accordinyg to figures from the Johnson County Appraiser’s Office. The threew shopping centers contain 416,000 square feet combined and on average, 94.5 percent leaser and 55 years old, Highwoods said.
The properties generats a combined annual cash net operating income ofabout $5.4 The new owners plan no “immediatw major changes” to the shopping centers, Jeff senior vice president and principal of said in a separate releasre Thursday. “We intend to enhanc e and upgrade the centers as opportunitieas ariseover time, but these improvementd will not change their basic Lane4 President Owen Buckley said in the release. “Wes look forward to taking good care of them and feel they represenft an excellent opportunity to invest inour community.
” Kansaes City developer Jesse Clyde Nichols built the grocery-anchored shopping centerse in the mid-1900s, and the JC Nichols Co. sold them to Highwoodsw in 1998.
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