12 April 2016 - US-based private equity real estate investment and management company Baceline Investments, LLC has acquired Four Seasons Shopping Center in O'Fallon, Missouri, a suburban city west of St. Louis, the firm said.
Baceline purchased the property for USD 3.3m.
Four Seasons is a 36,455-square-foot neighborhood retail center, currently 100% leased, located at 2421-2509 Highway K in the St. Charles West Trade area.
Built in 1996, the shopping center was renovated in 2012 and boasts a mix of local and national restaurants and retailers.
The Four Seasons Shopping Center represents the ninth property in Baceline's Debt Free Income Fund IV, a portfolio that includes shopping centers from various markets across the Central US. The Grand Marketplace retail in St. Louis, acquired by Baceline last May, is also part of the fund.
This fund closed to new investment March 31 with USD 45m in committed capital. It is anticipated that the Fund will own approximately 10 shopping center properties.
Founded in 2003, Baceline Investments is a Denver-based privately held boutique real estate investment and management company that specialises in the acquisition, management, and sale of necessity-based shopping centers in select secondary markets across the US midwest.
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