Kansas City's Country Club Plaza sold to joint venture


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

KANSAS CITY, Mo. (AP) — Kansas City's Country Club Plaza shopping and entertainment district has been sold for only the second time since it opened in 1923.

Highwoods Properties announced Monday that it had reached an agreement to sell the Country Club Plaza for $660 million to a joint venture between Taubman Centers and The Macerich Company. The sale is expected to close Feb. 1.

The Kansas City Star reports (http://bit.ly/1Pc6uSL ) that Taubman and Macerich will be 50/50 owners. The 55-acre shopping district includes 18 properties, both retail and office space.

The Taubman company, based in Broomfield Hills, Michigan, owns and manages 23 shopping centers in the United States and Asia. Macerich is a real estate investment trust with interests in 50 shopping centers and malls throughout the United States.

___

Information from: The Kansas City Star, http://www.kcstar.com

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press
    KSL.com Beyond Series

    KSL Weather Forecast

    KSL Weather Forecast
    Play button