Prudent Growth Purchases Douglas Square in Missouri

Whats Happening:

Prudent Growth Partners, a private equity real estate fund, has completed the $11.6 million acquisition of Douglas Square, a 59,451-square-foot shopping center in Lee's Summit, Missouri. The property, built in 1999, is strategically located in a thriving retail corridor and features 18 local and national tenants.

Key Moves:

• Prudent Growth Partners acquires Douglas Square for $11.6 million

• The shopping center spans 59,451 square feet with 18 tenants

• Property is located in a prime retail area of Lee's Summit, Missouri

By The Numbers:

• Douglas Square was built in 1999

• The property is located on a street with 23,215 vehicles per day

• The shopping center has 18 local and national tenants

Key Quotes:

• "We are thrilled about the purchase of Douglas Square and look forward to the performance of this property," said Tom Hahn, President of Prudent Growth Partners, LLC.

• "The center has a strategic location and is in a visible and active metro of Kansas City. It is another good acquisition in Missouri for our investors and a wonderful addition to our portfolio."

Bottom Line:

Prudent Growth Partners' acquisition of Douglas Square demonstrates the fund's strategy of investing in well-positioned retail properties with potential for future growth. The purchase expands their portfolio in Missouri and aligns with their focus on properties that offer exceptional returns and long-term capital gains potential.

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