Real estate developer TKG-Metcalf LLC has acquired former Hy-Vee building in Overland Park, MO for conversion
December 18, 2014- The building was bought for $2.45 million. It will be converted into a StorageMart self-storage facility according to sources. The building is vacant currently and is located at 91st Street and Metcalf Avenue. It occupies 85,000 square feet of space.
TKG-Metcalf is a partnership affiliated with The Kroenke Group (TKG), a Columbia, Mo.-based real estate investment group. TKG and Lane4 Property Group Inc. are redeveloping a 62-acre property they recently acquired just north of the Hy-Vee site.. Lane4 President Owen Buckley told the source his company isn’t involved in the StorageMart deal.
StorageMart owns and manages 163 storage facilities in the United States and Canada. It was established in 1999 and is headquartered in Columbia, MO.
TKG focuses mainly on shopping centers and apartment developments nationwide. It was founded by Stan Kroenke in 1983.