Viking Partners Acquires Overland Pointe Marketplace for $8.5M

A suburban Kansas City retail center lands a new owner.

By Anca Gagiuc, Associate Editor

Overland Pointe Marketplace, Kansas City
Overland Pointe Marketplace, Kansas City

Kansas City, Kan.—Private equity real estate investment firm Viking Partners Fund III LLC announced the acquisition of Overland Pointe Marketplace, a retail shopping center located in a suburb of Kansas City. The firm specializes in the acquisition, turnaround, and disposition of value-add real estate and real estate related assets in the Midwest and Southeast United States.

The purchase is the first transaction for the Fund III portfolio in Kansas and was valued at $8.5 million. At the time of the sale, the retail center was 94 percent occupied.

“We believe the acquisition of Overland Pointe Marketplace represents a unique opportunity to expand our portfolio and enter the growing Kansas City marketplace,” said Bret Caller, principal of Viking Partners.

Overland Pointe Marketplace is an 80,047-square-foot shopping center located in Overland Park. It is anchored by Babies R Us and Golf Galaxy. Other tenants include Sam’s Club, Home Depot, and Aldi.

Image courtesy of Google Maps