St. Louis County retail center trades for $10M
By Gloria Lloyd – Reporter, St. Louis Business Journal
Nov 29, 2022
A grocery-anchored shopping center in St. Louis County has changed hands.
Fenton Plaza, near the intersection of Highway 141 and Gravois Road, sold Nov. 23 for $10 million, said the buyer, Webster Groves-based Novus Cos. The seller, Clayton-based commercial real estate firm Sansone Group, purchased the plaza for $10.3 million in 2014.
The retail center is anchored by a newly expanded Aldi grocery store, according to a news release from a broker involved in the transaction, Mid-America Real Estate.
The tenant roster at the plaza, which totals 99,989 square feet, includes a Family Dollar, Advance Auto Parts, Viviano’s Festa Italiano restaurant, NAPA Auto, F45 Training and Penn Station Subs, among others.
Fenton Plaza, near the Gravois Bluffs shopping center, has an “excellent infill location in the heart of the Fenton trade area along Highway 141,” which has daily traffic counts of more than 50,000 vehicles a day, Mid-America said.
Mid-America Principal Ben Wineman was the broker for the transaction, in cooperation with Sansone Group Senior Executive Director Tim Cherre and Director Tim McFarland.