Southridge center changes owners in Overland Park

The Southridge retail center at 12090 Metcalf Ave. has been sold to California investors for $12.2 million. The 37,930-square-foot strip center was bought by Highpoint Capital Group LLC, a Los-Angeles investor in retail properties throughout the country. The sale is the group’s first purchase in Overland Park.

A local developer, Carson Development, sold the eight-year-old property. The transaction was arranged by Marcus & Millichap, a commercial real estate investment services firm.

“Johnson County’s excellent income demographics and substantial employment base (are) proving to be a strong draw for out-of-area investors, especially West Coast buyers,” said Ryan Bowlby, a Marcus & Millichap associate.

The Star

This story was originally published January 18, 2016 at 1:42 PM with the headline "Southridge center changes owners in Overland Park."