Prudent Growth Purchases Douglas Square in Missouri

CHAPEL HILL, N.C., Feb. 19, 2025 /PRNewswire/ -- Prudent Growth Partners, LLC, a private equity real estate firm with locations in Chapel Hill and Charlotte, NC, has completed its $11.6 million purchase of Douglas Square, a 59,451-square-foot shopping center in Lee's Summit, Missouri.

Built in 1999, the property's contemporary design and prime location within a thriving retail corridor make it an exceptional investment. It features a combination of 18 local and national tenants that promise future upside from potential mark-to-market leasing opportunities.

Douglas Square is strategically positioned on NE Douglas Street, a major retail artery with a traffic count of 23,215 vehicles per day. Its proximity to I-470 enhances connectivity to the surrounding Kansas City suburbs and the metro's booming downtown. The surrounding five-mile area boasts an affluent demographic, ensuring robust consumer demand. The immediate retail landscape is home to regional draws like Super Target, Lowe's, Kohl's, and Best Buy.

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

Prudent Growth Partners, LLC is a private equity real estate investment company based in Chapel Hill, NC. The firm focuses on properties that tend to be overlooked by larger institutions and provide exceptional returns on invested capital along with the possibility of longer-term capital gains achieved by expert management and future price appreciation.

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SOURCE Prudent Growth Partners, LLC