Dominant regional retail center near Kansas City sells

CHICAGO, Sept. 23, 2021 – JLL Capital Markets announced today that it has closed the sale of Adam’s Dairy Landing, a 279,843-square-foot open-air, dominant regional retail center in the Kansas City-area community of Blue Spring, Missouri.

JLL advised the seller, a private investment fund. Albanese Cormier acquired the asset.

Ninety-six percent of Adam’s Dairy Landing is occupied by national tenants, including TJ Maxx, Homegoods, Dollar Tree, Ross Dress for Less, Petco, Michaels, Old Navy, Ulta Beauty and Five Below. Completed in 2010, the property is also shadow anchored by Target and Kohl’s and has room for additional pad site development.

Situated on over 33 acres at 800 NE Coronado Dr., Adam’s Dairy Landing is located at the southeast corner of Interstate 70 and Adams Dairy Parkway and has exceptional regional draw from the Kansas City MSA, demonstrated by the more than four million visitors over the last 12 months. More than 80,000 residents earning an average annual household income of $95,000 and a buying power of $2.8 billion live within a five-mile radius

The JLL Retail Capital Markets team representing the seller was led by Managing Directors Clinton Mitchell and Amy Sands and Director Michael Nieder, along with Executive Vice President Jim Gates.  

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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