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Chicago & Midwest  + Midwest  + Retail  | 
Lincoln Place, a shopping center in the St. Louis-area community of Fairview, IL, has traded to Jenel Real Estate for $40.75 million

St. Louis-Area Shopping Center Fetches $41M 

JLL Capital Markets closed the $40.75-million sale of Lincoln Place, a 272,060-square-foot regional shopping center anchored by ALDI and Total Wine & More in the St. Louis-area community of Fairview, IL. 

JLL represented the seller, Acadia Realty Trust. Jenel Real Estate acquired the asset. 

Visited by approximately 5.14 million visitors over the past 12 months, Lincoln Place is 95% percent. It offers the only Marshalls, Total Wine & More and Five Below locations within a 20-mile radius. The center also benefits from a category-leading Lowe’s shadow anchor and Chick-fil-A drive through, both of which drive traffic. 

The JLL Retail Capital Markets Investment Sales Advisory team representing the seller was led by managing directors Amy Sands and Clinton Mitchell and director Michael Nieder. 


Inside The Story

JLL's Sands

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition