Block & Company, Inc. Realtors — representing the property owners — sold 1.65 acres located at Metcalf 75 Shopping Center on the northwest corner of 75th Street & Metcalf Avenue in Overland Park, Kansas.
The land was purchased by an undisclosed buyer and will be used to build a 16,870 square foot new medical facility.
Metcalf 75 Shopping Center will be torn down and redeveloped to build the new medical facility. The shopping center was one of Block & Company's core leasing and management assignments from the 1970's.
David M. Block and Darren Siegel of Block & Company, Inc., Realtors negotiated the sale transaction on behalf of the seller and Cary Fox and Bill Shakelford of AREA Real Estate Advisors negotiated the transaction of behalf of the buyer.
The new 75th & Metcalf medical facility will be Block & Company's third location with this buyer. There are two other locations opening in the Kansas City Metro Area through Block & Company include one at the Plaza at Speedway in Kansas City, Kansas and one at the Village of Seville in Leawood, Kansas.
Darren Siegel, David M. Block, and Steve Caffey of Block & Company, Inc., Realtors also handled lease negotiations between the new buyer and the existing tenants to vacate the property.
Block & Company, Inc., Realtors was the long time the leasing and property management company for Metcalf 75 Shopping Center.