Blue Springs, Missouri – Colliers Kansas City recently brokered the sale of Park Plaza I and II, a 41,534-square-foot inline retail center in Blue Springs. The property, located along the east side of 7 Highway and just south of Interstate 70, is comprised of four buildings, three built in 1987 and renovated in 2006 and the southernmost building built in 2008. Mark Arensberg and Mike Yeggy, Senior Vice Presidents at Colliers Kansas City, represented the owner, Timothy D. Harris, LLC. The Kansas City team provided national exposure for the retail center by creating and distributing marketing materials to a wide range of prospective buyers. Despite uncertainty related to COVID-19, Arensberg and Yeggy worked with the buyer, Pener KC, to negotiate the contract and complete the due diligence process for a successful closing.
Colliers Brokers Sale of Retail Center in Blue Springs
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Mark Arensberg joined Colliers Kansas City’s Retail Services team in June 2008. In January 2015, Mark was promoted to Senior Vice President, in January 2016 became a partner in the firm, and in January 2022 was promoted to Executive Vice President. Mark specializes in the sale and leasing of retail properties, along with retail tenant representation throughout the Midwest.
Mike Yeggy has more than 15 years of commercial real estate experience. Mike joined Colliers International in 2012 and focuses on investment sales, representing both buyers and sellers. Mike’s expertise includes financial analysis, property valuation, due diligence review and market evaluations.
Mike has completed transactions exceeding $450 million and 6 million square feet in accumulated deal size, including office, industrial, retail and multifamily properties.
Prior to joining Colliers International | Kansas City, Mike spent five years with KeyBank Real Estate Capital in Kansas City and Dallas underwriting and originating commercial real estate loans. Mike also spent two years with Midland Loan Services in Overland Park.