SALT LAKE CITY, Dec. 11, 2025 –  JLL Capital Markets announced today that it has arranged a $25.5 million refinancing for Overland Crossing, a 140,806-square-foot grocery-anchored retail shopping center in Overland Park, Kansas.

JLL represented the borrower, Sundance Bay, in securing the three-year, floating-rate loan through Värde Partners.

Overland Crossing is strategically positioned at 11900 Metcalf Ave. in the heart of the Kansas City MSA's premier retail corridor, benefiting from excellent accessibility via I-435 and Hwy-69 with approximately 50,000 vehicles per day at the intersection. The property is anchored by a newly-constructed Whole Foods and features strong credit tenants including Burlington Coat Factory, Nordstrom Rack and Five Below.

The 94% leased property underwent significant expansion and redevelopment beginning in 2021, which included construction of the new Whole Foods grocery store. The property also includes three potential pad sites offering additional revenue opportunities.

Located in Johnson County, Overland Park is the second most populous city in Kansas and maintains AAA bond ratings from Fitch, Moody's and Standard & Poor's. The property benefits from strong demographics within a five-mile radius, including a population of 241,546 residents with an average household income of $124,008. The surrounding retail market encompasses 21.4 million square feet of space with a tight 3.7% vacancy rate.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Chris Gandy and Director Tom Gilliland. The Investment Sale and Advisory team was spearheaded by Senior Director Michael Nieder.

"The strong performance of the Whole Foods anchor and the property's dominant position in this affluent trade area created significant interest from the lending community," said Gandy. "The recent repositioning through strategic leasing and the sponsor's proven track record made this an attractive financing opportunity."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Sundance Bay is a real estate private equity firm that specializes in debt, equity and net lease investments in middle markets.

Värde Partners is a leading global investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $110 billion across the credit quality and liquidity spectrum and currently manages $16 billion in assets. With local investment teams and partnerships in North America, Europe and Asia Pacific, Värde invests across private and public markets with a focus on real estate, asset-based finance and corporate credit. As an originator of real estate credit solutions, Värde seeks to provide flexible capital and certainty of execution to borrowers. For more information, please visit www.varde.com.