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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.
- ◦Sale/Acquisition

