JRW Realty Closes $10.9 Million Transaction on a Grocery-Anchored Shopping Center in Farmington, MO
Published: Jan. 20, 2022
PASADENA, Calif. - JRW Realty is pleased to announce that it has facilitated the transaction of a $10.9 million, 77,000-square-foot multi-tenant retail center anchored by Schnucks Markets in Farmington, Missouri. The property includes four inline retail spaces and has a long-term triple net lease in place with Schnucks Markets. Schnucks Markets is a family-owned grocery retailer that operates 111 stores throughout the Midwest and serves hurting communities by annually donating over $12 million in food to pantries across the country.
JRW Realty real estate associate Aaron Bush facilitated the transaction of the property under the guidance of Joel Staffilino, president of multi-tenant retail.
The retail center meets the acquisition criteria of JRW Realty’s buyers, who have a strong appetite for acquiring grocery-anchored multi-tenant shopping centers and individual net-leased properties backed by essential businesses with creditworthy metrics. JRW Realty’s streamlined closing processes enable its team to close transactions in as short as 28 days after going under contract, and the firm’s relationship-based approach to net-lease-focused real estate has enabled JRW Realty to source over 15 million square feet of property for its clients.
About JRW Realty
JRW Realty is a commercial real estate brokerage firm that has closed over $3 billion in transactions across over 875 properties on behalf of its clients. JRW Realty's team places special focus on due diligence, reviewing over 100 properties each week and only choosing to source for clients the best 3-4% according to their rigorous acquisition criteria. For more information, visit www.jrwrealty.com.
Multi-Tenant Retail Acquisitions Contacts
Joel Staffilino, President - Multi-Tenant Retail
Aaron Bush, Real Estate Associate
Single-Tenant Net Lease Acquisitions Contact
Melinda Marston, President - STNL
CA DRE #01950977