Village at Sandhill retail suites, previously owned by Columbia developer Alan Kahn at the 300-acre shopping complex in Northeast Richland, have new leasing representatives, a Columbia broker says.
The 15 suites are being marketed by Colliers International in Columbia. The suites were part of a massive foreclosure agreement reached last year by Kahn and more than 50 creditors in settlement of a $100 million Chapter 11 bankruptcy filing.
The suites, which cover 58,223 square feet of available space, are part of what became known as Kahn’s “Wells Fargo portfolio,” which he used as collateral to borrow $64 million to keep his faltering real estate empire afloat when the 2007 Great Recession hit.
Wells Fargo, the property owner, retained Colliers to handle the 237,063-square-foot portion of their Village at Sandhill holdings, according to a news release.
The suites range in size from 1,200 square feet to 9,000 square feet, the commercial broker said, and each creditor in the bankruptcy settlement will have its own leasing agent.