United Development Company Announces New Stores – AT&T, Starbucks, Furniture Deals and Spectrum – to join Twin Creeks Center in “Northland” Kansas City, MO

Twin Creeks Center image

Southlake, Texas – October 7, 2019 – Twin Creeks is nearing 100% occupancy with the additions of AT&T, Starbucks, Furniture Deals and Spectrum, who soon join Target, Kohl’s, Ross, Petco and Ulta. Negotiations are currently underway to add Chipotle, Altitude Trampoline Park, and ReeceNichols Real Estate in 2020.

United Development Company of Southlake Texas purchased the 29-acre property formerly known as Barry Towne Center from Morgan and Davis builder-developer families of Kansas City February 2017 and has transformed the thriving, mixed-use retail center into what is now known as Twin Creeks.

United Development Company along with their development partner, Falcon Realty Advisors, has invested over $30 Million in upgrades to the established 16-acre retail center with plans to invest an additional $30 Million in developing the remaining 13 acres on the east side of the center. 

During the last decade the “Northland” as locals call the Kansas City area where Twin Creeks sits has enjoyed a boom of new homes and a vast increase in retail developments and businesses.  The Northland area boasts an average household income of $67,620 and houses over 30% of the Kansas City Metro residents. 

Twin Creeks Center is currently managed by Copaken Brooks Commercial Real Estate and leasing is provided by LANE4 Property Group, both of Kansas City, Missouri.

United Development Company currently owns and manages more than $400 million of real estate investments.  Utilizing its wealth of both capital and real estate expertise, United Development is aggressively pursuing retail and self-storage real estate investments in the United States.  www.UDCGlobal.com

###

For Media Information – Interviews:
Biff McGuire, C.E.O., United Development Company
Phone: 817.233.019
Email: bmcguire@udcglobal.com

Twin Creeks Center to add Ross, Petco & ULTA Beauty Kansas City, MO

Twin Creek Center

Southlake, Texas – September 10, 2018 – United Development Company of Southlake Texas and Falcon Realty Advisors of Dallas, TX will open Ross, Petco and Ulta in the coming months at their Twin Creeks Center in Kansas City, Missouri. Twin Creeks Center

Twin Creeks was reintroduced last summer with the kick off of $15 million in upgrades at the 16-acre retail center presently anchored by Target and Kohl’s. We are pleased to announce additional tenants include Ross, Petco and ULTA Beauty. Ross and Petco are presently under construction. ULTA Beauty opened their new 10,000 square foot location in September, providing Northland customers cosmetics, skincare brands, men’s & women’s fragrances, and haircare products. Ross, America’s “off price” retailer, will open their new store October 2018, housing 24,946 square feet of housewares, clothing and shoes for the entire family. February 2019 Petco will open their new store providing a grooming department, veterinary care, training, adoptions and dog wash facility.
Kansas City’s newest Costco Wholesale Club opened May 2017 adjacent to Twin Creeks Center, which boasts over 30,000 members to date.
Twin Creeks Center will be the new residents of Twin Creeks Residential Area’s premier shopping center. The proposed 74 acres Twin Creeks Residential Area to the north of Twin Creeks Center is expected to gain between 60,000 to 75,000 new residents in the next several years, offering single family homes, townhomes, and multi-family residences.
Tom O’Leary and Wes Buckley of Lane4 Property Group represent the property as leasing brokers.

United Development Company currently owns and manages more than $300 million of real estate investments.  Utilizing its wealth of both capital and real estate expertise, United Development is aggressively pursuing retail and medical real estate investments in the United States.  www.UDCGlobal.com

###

For Media Information – Interviews:
Biff McGuire, C.E.O., United Development Company| 817.233.0196
email:  bmcguire@udcglobal.com

Kansas City Retail Center Purchased and Reintroduced

Twin Creeks Groundbreaking Ceremony image
PRESS RELEASE

Upgrades, new retail with expansion and new name headline deal

Pictured left to right: Tim Hughes, Tom O'Leary and Biff McGuire at Twin CreekCenter Groundbreaking Ceremony image
Pictured left to right: Tim Hughes, Tom O’Leary and Biff McGuire.

Kansas City, MO – July 19, 2017 – The 29-acre Barry Towne Center retail shopping center in Kansas City’s Northland area is powering up with new ownership, a new name and millions of dollars in improvements. The Center was reintroduced today by the new owners in a “re-ground breaking” at the Center.

Earlier this year, a strategic partnership between United Development Company of Southlake, TX and Falcon Realty Advisors of Dallas, TX purchased the retail center for an undisclosed amount. The partnership acquired the Barry Towne Center from the Morgan and Davis builder-developer families of Kansas City.

United Development Company announced today that they are committing $15 million in upgrades to the established 16-acre retail center that is anchored by Target, Kohl’s, Babies “R” Us and new national retailers to be announced. United Development will also be expanding the Center by investing $30 million in developing the remaining 13 acres on the east side of the Center that fronts Madison Ave.In connection with the sweeping makeover, United Development has renamed the shopping center Twin Creeks Center.

Tim Hughes, Principal of Dallas-based Falcon Realty Advisors, said an estimated 200,000 square-feet will be added tothe Center in the form of anchor space and pad sites, which will feature nationally branded retailers. Falcon Realty Advisors is United Development Company’s development partner on the project.

Twin Creeks Center is in the heart of a newly revitalized retail area. The newly-opened Northland Kansas City Costco is adjacent to Twin Creeks Center. The main thoroughfare (Madison Avenue) for Twin Creeks Center leads directly to the new Costco. Additionally, just north of Twin Creeks Center is the Twin Creeks Development with 20,000 planned residences.

Hughes said that MD Management Real Estate Development has been retained to continue management of Twin Creeks Center and Lane4 Property Group of Kansas City leasing brokerage firm.

The acquisition is a joint venture between United Development Company, Falcon Realty Advisors and ALA Holdings. Jay Ferguson of Ferguson Properties represented the buyer and Garry Hayes of MD Management Real Estate Development represented the seller in the transaction. Metropolitan Capital Advisors arranged the financing from lender Centennial Bank of Jonesboro, AR.

During the past 5 years, United Development Company and Falcon Realty Advisors have partnered on more than 10 projects. They are actively seeking new opportunities in the greater Kansas City area. For additional information, please visit United Development Company www.UDCGlobal.com and Falcon Realty Advisors www.falconcompanies.com.

Media information – interviews:
Tim Hughes, Principal
Falcon Realty Advisors
(214) 384-4057
e-mail: thughes@falconcompanies.com

Target And Kohl’s Anchored Shopping Center
Space for lease; Pads for sale

PDF

Property Highlights:

  • Located at Hwy 169 & Hwy 152 along the Barry Rd corridor in Kansas City, Missouri
  • Junior-box space for lease: 24,013 SF, 24,946 SF, 34,680 SF & 48,262 SF
  • Pad Sites Available: 1.29 AC, 1.46 AC, 1.5 AC, 1.77 AC, 3 AC & 13.17 AC (will subdivide)
  • Across Hwy 169 from the Metro North Mall Redevelopment
  • Traffic Counts:
    Hwy 152: 44,330 VPD | Hwy 169: 28,594 VPD
    Barry Rd: 19,517 VPD | Platte Purchase Rd: 5,852 VPD
  • Pricing: Negotiable