Fully leased St. Louis-area neighborhood retail center sold
Gravois Place is anchored by Gold’s Gym in the affluent Fulton suburb
DALLAS, December 19, 2019 – JLL announced today that it has closed the sale of Gravois Place, an 86,931-square-foot, fully leased Gold’s Gym-anchored retail center in the suburban St. Louis community of Fenton, Missouri.
JLL marketed the property on behalf of the seller, RBR Real Estate Holdings, LLC. Mark Sher, an investment sales specialist and currently a director at KW Commercial, represented the buyer.
Situated at 635 Gravois Road, Gravois Place is at the intersection of MO-141 and MO-30, one of Fenton’s most heavily trafficked intersections with more than 94,000 vehicles per day. This “Main and Main” location places the center in Fenton’s primary retail trade area. Fenton is an affluent St. Louis suburb, and more than 41,400 residents earning an average annual household income of $102,179 live within a three-mile radius of the center. In addition to Gold’s Gym, Gravois Place’s internet-resistant tenant lineup includes SkyZone Trampoline Park and St. Vincent DePaul.
The JLL Capital Markets team was led by Director Aaron Johnson, Senior Director Chris Murphy and Analyst Ross Crawford along with Senior Managing Director Danny Kaufman.
According to a recent JLL Retail Outlook report, perhaps at no other time in history have American consumers been more focused on health and wellness.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.