Anevski of Marcus & Millichap sell Belle Parke to Rafinia Property

St Louis, MO Rafinia Property Group acquired Belle Parke Plaza Shopping Center. The 70,000 s/f shopping center on Bellefontaine Rd. sits on 12 acres is currently 70% occupied and anchored by notable national tenants including Family Dollar and O’Reily Auto Parts. Listing records show that the property was built in 1963 and benefits from a strong historical occupancy and a dense population. The sale price was not disclosed. Evan Rafinia, principal of Rafinia said, “The center was meticulously maintained and already attracting interest from several national and regional retail chains. The next step is to create additional value by utilizing the 5 acre out parcel included in the transaction.” Steve Anevski of Marcus & Millichap represented both parties in the transaction. This marks the 4th retail acquisition by Rafinia Property Group, a full service investment company specializing in investment, management and leasing of underperforming shopping centers across the country.

Tags: Brokerage

Reprint

Previous Story Next Story

King and Slattery of Lee & Associates NYC arrange 5,250 s/f office lease for Roux at 14 Penn Plaza

New York, NY Lee & Associates NYC has arranged a 5,250 s/f office lease on a portion of the 17th floor at 225 West 34th St., also known as 14 Penn Plaza, on behalf of Roux, a leading environmental consulting and management firm.

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

REALM, DelShah Capital and A.M. Props. acquire CitySpire

Atlantic Capital Partners sells 893 Bdwy. 25,442 s/f office/retail building for $31 million

Atlantic Cap. Ptrs. sells 893 Bdwy. 25,442 s/f office/retail bldg. - $31m

Koeppel Rosen closes 18,200 s/f lease expansion/extension with Fenwick & West at 902 Bdwy.

Koeppel Rosen closes 18,200 s/f lease with Fenwick & West at 902 Bdwy.

SL Green Realty signs Kohlberg to 18,820 s/f at 500 Park Ave.

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Construction Design & Engineering

Spectorgroup named architect of record for 11 Bryant Park Plaza repositioning

Columns and Thought Leadership

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced