NGZimmer Capital Markets team sells Gladstone Plaza

Gladstone Plaza Shopping Center is located at 6583 North Oak Trafficway in Gladstone, Mo.

Gladstone Plaza Shopping Center is located at 6583 North Oak Trafficway in Gladstone, Mo.

The Gladstone Plaza Shopping Center is under new ownership, thanks to the capital markets team at Newmark Grubb Zimmer.

Michael VanBuskirk and Chris Robertson negotiated the acquisition of the 94,494-square-foot shopping center at 6583 North Oak Trafficway in Gladstone. The multi-tenant center includes retailers like Save-A-Lot, Rent-A-Center, Dollar General, and Advance Auto.

The seller was an investment entity out of Dallas, and the buyer was HL Ventures LLC.

The transaction represents just a portion of the $74.1 million of investment assets the team has closed or placed under contract throughout Missouri and Kansas.