PASADENA, Calif.–(BUSINESS WIRE)–January 20, 2022–
JRW Real Estate is pleased to announce that it has facilitated the transaction of a $10.9 million, 77,000 square foot multi-tenant shopping center anchored by Schnucks Markets in Farmington, Missouri. The property includes four online retail spaces and has a long-term triple net lease in place with Schnucks Markets. Schnucks Markets is a family-owned grocery store that operates 111 stores throughout the Midwest and serves struggling communities by donating more than $12 million in food annually to food pantries across the country.
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A $10.9 million, 77,000 square foot multi-tenant mall anchored by Schnucks Markets, bought and closed by JRW Realty (Photo: Business Wire)
Aaron Bush, Real Estate Partner of JRW Realty, facilitated the transaction of the property under the direction of Joel Staffilino, President of Multi-Tenant Retail.
The mall meets the acquisition criteria of JRW Realty’s buyers, who have a strong appetite for acquiring grocery-anchored multi-tenant malls and single-unit net lease properties backed by essential businesses with creditworthy metrics. JRW Realty’s streamlined closing processes allow its team to close deals in as little as 28 days after contract signing, and the company’s relationship-based approach to net-to-let real estate enabled JRW Realty to secure over 15 million square feet of property. for its customers.
About JRW Realty
JRW Realty is a commercial real estate brokerage firm that has closed over $3 billion in transactions on over 875 properties on behalf of its clients. The JRW Realty team pays close attention to due diligence, reviewing over 100 properties each week and choosing to source only the top 3-4% for clients based on their rigorous acquisition criteria. For more information, visit www.jrwrealty.com.
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CONTACT: Contacts for multi-tenant retail acquisitions
Joel Staffilino, President – Multi-Tenant Retail
(513) 227-4502Aaron Bush, Real Estate Associate
(515) 783-4622Single Tenant Net Lease Acquisitions Contact
Melinda Marston, President – STNL
CA DRE #01950977
(626) 696-2910Media inquiries
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA MISSOURI
INDUSTRY KEYWORD: REIT RETAIL COMMERCIAL BUILDING & REAL ESTATE SUPERMARKET CONSTRUCTION & PROPERTY
SOURCE: JRW Realty
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PUBLISHED: 01/20/2022 09:00/DISC: 01/20/2022 09:02