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Mid-America Real Estate handles sale of Fenton Commons in St. Louis MSA
Fenton Mo. -- Mid-America Real Estate Corporation’s Investment Sales team brokered the sale of Fenton Commons located in Fenton, Missouri. Colorado based GDA Real Estate acquired the 82,242-sq.-ft. property for $15 million.
Fenton Commons is anchored by Best Buy, Old Navy and Barnes & Noble with Chili’s and Bank of America.
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Phillips Edison Grocery Center REIT II, Inc. and TPG Real Estate announce partnership
Cincinnati -- Phillips Edison Grocery Center REIT II and TPG Real Estate announced the formation of a partnership to acquire high-quality, value-added grocery-anchored shopping centers throughout the United States. The Partnership will invest up to $250 million of equity and plans to leverage this capital to achieve a $750 million acquisition target.