Federal Realty Acquires Town Center Plaza And Town Center Crossing In Leawood For $289 Million
5000 West 119th Street & 4567 West 119th Street
$289,000,000
Building Size
—
Asset Type
Retail
Closing
Jul 24, 2025
About this deal
AI
The transaction involves the acquisition of two retail properties located at 5000 West 119th Street and 4567 West 119th Street in Leawood, Kansas. Federal Realty purchased these assets for $289 million, marking a significant transaction in the retail market. The properties are part of a prominent shopping destination within the Kansas City area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $289,000,000
- Buyer: Federal Realty
- Transaction Date: 07/24/2025
- Market: Leawood, KS
Federal Realty's acquisition includes Town Center Plaza and Town Center Crossing, signifying its strategic entry point into the Kansas City market. This deal reflects Federal Realty's ongoing commitment to expanding its portfolio in key markets.
Players
Leawood Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93