River Metropolis Market in St. Charles County sells
The deal for River Metropolis Market, which is anchored by grocery retailer Contemporary Thyme, was accomplished Oct. 13.
ST. CHARLES COUNTY, Mo. — A St. Charles County buying middle anchored by a grocery retailer has offered for $22.35 million.
The deal for River Metropolis Market, a 157,779-square-foot buying middle in O’Fallon, Missouri, which is anchored by grocery retailer Contemporary Thyme, was accomplished Oct. 13, mentioned the vendor, Florida-based personal fairness actual property funding firm PEBB Enterprises.
Pink Financial institution, New Jersey-based First National Realty Partners purchased the retail web site on 19.85 acres at 2259 Freeway Ok. It’s 93% leased and anchored by Ross Gown for Much less and Whole Wine & Extra together with Contemporary Thyme. The retail middle was in-built 2004.
The buying middle, then generally known as O’Fallon Stroll, was 55% occupied when PEBB acquired it in 2015 from IBT-Group LLC for $9.2 million, the corporate mentioned. After an in depth $6 million capital enchancment program to upgrade the center, Contemporary Thyme and Ross signed on that first yr.
After anchor Gordmans closed in 2020, alcohol retailer Whole Wine moved into practically 26,000 sq. toes throughout the final yr, and new tenants Massive Blue Swim College, a kids’s swim faculty that occupies 20,000 sq. toes, and CycleBar, a premium indoor biking health club, had been added to the roster of present tenants similar to 5 Beneath, Kirkland’s and Kay Jewelers.
The retail web site is the third property bought in Missouri by funding agency First Nationwide Realty Companions, or FNRP, the corporate mentioned in a information launch. The agency additionally owns Mark Twain Village in St. Charles and Shoppes at Cross Keys in Florissant.
Click here for the total story from the St. Louis Enterprise Journal.
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