LANE4 Property Group, MD Management JV Acquires 421K-SF Kansas City Retail Portfolio

A group of private investors, led by LANE4 Property Group, has recently closed an off-market acquisition of three shopping centers in the Kansas City area, totaling 421,546 square feet.

Previously owned by MD Management, the portfolio includes Metro North Square and Oak Barry Center in Kansas City, as well as West Park Shopping Center in Overland Park, Kansas. LANE4 spearheaded the transaction and structured a recapitalization that allowed some of MD Management’s generational investors to remain in the partnership while other owners were able to exit.

“We’re excited to strengthen LANE4’s presence in the Kansas City Northland, a submarket that continues to outpace regional growth,” said Weston Buckley, LANE4 Partner. Andrew Sandburg of LANE4 will provide leasing across the portfolio, while MD Management continues as property manager. Over 80% of the portfolio is located along Barry Road & US-169, with over 1.4 million square feet of retail and 97% occupancy.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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