Photo of Southtown Centre located in St. Louis available here.
ST. LOUIS (June 1, 2016) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Southtown Centre. Chicago-based Newport Capital Partners acquired the 88,364-square-foot center for $15.25 million on behalf of Newport Capital Partners Fund II.
Southtown Centre is comprised of five buildings located at the northeast corner of Chippewa Street and Kingshighway Boulevard in the Tower Grove South neighborhood of St. Louis. The property is anchored by Walgreens, PetSmart, OfficeMax, FootLocker, Athletico and Starbucks.
Ben Wineman of Mid-America Real Estate Corporation was the exclusive broker in the transaction on behalf of the seller, a publicly traded REIT.
Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Oakbrook Terrace, Ill. The company is the Midwest’s leading full-service retail real estate organization with offices in Chicago, Milwaukee, Minneapolis and Detroit. For more information, call (630) 954-7300 or visit www.midamericagrp.com.
Image of Southtown Centre located in St. Louis
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