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Brokerage
Posted: January 19, 2016
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.
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