Mid‑America Real Estate sells Summit Fair, a leading Lee’s Summit retail destination

Mid‑America Real Estate Corporation’s Investment Sales Group announced the sale of Summit Fair, a well‑known retail and dining destination in the southeastern suburbs of Kansas City. Principals Ben Wineman and Joe Girardi served as the exclusive listing brokers on behalf of the seller, Phoenix‑based RED Development. On the buyer’s side, Block & Company, Inc., Realtors — represented by David Block and Zach Albrecht — acquired the property on behalf of a private investment group.

Located off Interstate 470 and U.S. Highway 50 in Lee’s Summit, Summit Fair is an open‑air “lifestyle center” boasting roughly 510,000 square feet of retail space and an occupancy rate near 90%. Anchors in the center include top national names like Dick's Sporting Goods, H&M, DSW and shadow‑anchors such as JCPenney and Furniture Mall of Missouri. The property also supports a broad mix of inline tenants, from retailers and fitness studios to restaurants and specialty shops — including Lululemon, Sephora, Orangetheory Fitness, Pure Barre, and many others.

According to the buyer’s announcement, Summit Fair attracts more than 4.3 million visits annually — placing it among the top 7 percent of shopping centers in Missouri by foot‑traffic performance. The lifestyle center’s pedestrian‑friendly layout, landscaping and walkable storefronts contribute to its popularity as a community gathering place.

With this acquisition, Block & Company now manages ten multi‑tenant centers in Lee’s Summit and plans to build upon Summit Fair’s success. The firm intends to expand the tenant mix, lease available space, and program community‑oriented events — efforts aimed at enhancing Summit Fair’s role as a long-term retail and social hub for area residents.

While earlier listing materials from Mid‑America reported a square‑footage figure of approximately 241,923, the buyer’s and public‑market sources align on the 510,000 SF benchmark. This suggests the larger number likely reflects the full center footprint rather than a subset — underscoring Summit Fair’s scale and regional importance. 

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Header image: The central courtyard of Summit Fair retail center in Lee's Summit, Mo. Image | Mid-American Real Estate

Biopharma tenant completes occupancy at Summit Technology Campus

CBRE and US Asset Services have secured the last remaining office lease in the Summit Technology Campus building at 800 Chipman Road in Lee’s Summit, Mo.

Viracor Eurofins, a clinical diagnostic and biopharma company, plans to utilize the 17,129-SF space as an expansion of their clinical research and development lab-testing facility. The lease brings the 500,000-SF building to full occupancy.

Travis Gage, senior associate at CBRE, and Michael Lanning, senior managing principal at US Asset Services, are the exclusive marketing agents working on behalf of the property’s owner, KC Summit Technology LLC.

“Office leasing activity during the third quarter of 2020 was dominated by renewal activity in the Kansas City market. Tenants are drawn to the property’s proximity to main thoroughfares, private entrances, large efficient floor plates, on-site management as well as security and signage opportunities,” said Gage.

Other leases and existing tenancies that contributed to the building's full occupancy include Bluebird Communications, CVS/Caremark, Quest Diagnostics, St. Luke’s and GSA, who executed a 20-year lease extension of 316,318 SF of office space in the building - the largest office lease completed in the Kansas City market in 2020. The GSA office houses the U.S. government agency of citizenship and immigration services.

The 500,000-SF campus provides ample parking with immediate highway access to I-470 and Hwy 50. The property is conveniently located near Summit Fair and Summit Woods retail centers and over 60 restaurants.