The venture between Macerich Co. and Simon Property Group that had owned the Country Club Plaza open-air shopping center in Kansas City, Mo., has sold it for $175.6 million in a short sale that resulted in the extinguishment of what had been a $295.5 million mortgage.

The post Macerich Venture Sells Kansas City Retail Property for $175.6Mln; Buyer Gets $179Mln Loan appeared first on Commercial Real Estate Direct.