REAL ESTATE

Midwest Retail acquires portion of Missouri Center

BY Al Urbanski

Midwest Retail Properties has acquired a Walmart-shadow-anchored center in Lake St Louis, Mo., for $16.5 million.

The five multi-tenant buildings included in the deal make up 124,797 sq. ft. of The Shoppes at Hawk Ridge and house tenants including GNC, Game Stop, Petland, Jimmy Johns, Starbucks, and Orange Theory.

The deal was brokered by Mid-America Real Estate Corp. on behalf of the seller, a private investor from the St. Louis area.

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