Hanley Investment Group Real Estate Advisors arranged the sale of a 20,400-square-foot multi-tenant retail center in the St. Louis metropolitan area.
Hanley Investment Group’s executive vice presidents Jeff Lefko and Bill Asher, in association with ParaSell, Inc., represented the seller, a private owner in St. Louis. The buyer was a private investor from the Nashville metropolitan area.
The 100%-occupied, nine-tenant building is located on a 1.98-acre parcel at 2376-2400 Highway K in O’Fallon, Missouri, and includes tenants Aaron’s, Advance America Cash Advance, American Family Insurance, Cloud 9 Massage, Stallone’s Formal Wear, Pottery Hollow, a dance academy, dog grooming and a fitness center.
The retail building, built in 1997, is situated next to a Target- and Kohl’s-anchored shopping center. According to Placer.ai, the adjacent Kohl’s ranks in the top 12% of all Kohl’s in Missouri.
Other tenants in the immediate area along Highway K include Ashley HomeStore, Buffalo Wild Wings, Chase Bank, Chick-fil-A Drive-Thru, Chipotle Mexican Grill, Five Below, Fresh Thyme, Hobby Lobby, Lowe’s, Michaels, PetSmart, Ross Dress for Less, Starbucks, The Home Depot, Dierbergs and a Walmart Supercenter.
