CTO Realty Growth buys Kansas City property for $63.3m

CTO Realty Growth, Inc. has acquired Zona Rosa, a 768,000-square-foot mixed-use property in Kansas City, Missouri, for $63.3 million—equivalent to $82 per square foot. The deal, announced on September 14, 2026, targets a location six miles from Kansas City International Airport, drawing about 5.5 million annual visitors. Within a five-mile radius, the trade area has a population of roughly 100,000 and an average household income of $124,000, reflecting strong demographic appeal for retail and mixed-use development. The property includes 64 acres, with 10 acres of entitled development land and an additional 100,000 sq ft of underutilized space, though only 67% of the total area is leased at the time of acquisition, featuring tenants such as Dick’s Sporting Goods, Barnes & Noble, Old Navy, Burlington, and DSW.