Lormax Stern & Time Equities Inc Acquire Oak Park Commons Retail Property In Lenexa, KS For $40M

A joint venture between Lormax Stern and Time Equities Inc. has acquired Oak Park Commons, a 348,983-square-foot retail property in Lenexa, Kansas. The property was sold for $40 million, at a price of $114.62 per square foot.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $40,000,000
• Address: 12120 West 95th Street, Lenexa, KS
• Market: Lenexa, KS
• Buyer: Daniel L. Stern - Lormax Stern & Francis Greenburger - Time Equities Inc
• Seller: Adam Breen - DRA Advisors
• Broker: Mid-America Real Estate Corp
• Square Footage: 348,983
• Price per Square Foot: $115

The joint venture comprised of Daniel L. Stern from Lormax Stern and Francis Greenburger from Time Equities Inc. acted as the buyers in this transaction. The property was previously owned by Adam Breen of DRA Advisors. Mid-America Real Estate Corp represented all parties involved in the deal.