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Colliers Ushers Newport Capital Partners into Kansas City Market

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Kansas City, Kansas, February 25, 2021 – Colliers Kansas City has brokered the sale of an 89,973-square-foot, multi-tenant neighborhood retail center in Kansas City. Westfield Shopping Center, located at the southwest corner of 80th Street and State Avenue, houses a variety of tenants including  CVS Pharmacy, Citi Trends, Save A Lot, Family Dollar, Reece Nichols, Metro PCS, Fantastic Sams and T-Mobile. Working with Newport Capital Partners, an experienced, neighborhood center-focused institutional investment manager based in Chicago, Mark Arensberg and Mike Yeggy sourced the property off-market, negotiated the terms of the purchase, assisted the client in their extensive due diligence process and finalized the sale.  The purchase of Westfield Shopping Center represents the first investment in the Kansas City market for Newport Capital Partners.


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Mark Arensberg

Senior Vice President

Kansas City

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.

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Mike Yeggy

Senior Vice President

Kansas City

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.

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