O’Fallon-based Four Seasons Shopping Center added to firm’s Debt Free
Income Fund portfolio
Investments, LLC, a boutique private equity real estate investment
and management company with retail holdings throughout the Central
United States, has announced the acquisition of Four Seasons Shopping
Center in O’Fallon, Missouri, a suburban city west of St. Louis.
Baceline purchased the property for $3.3 million.
Four Seasons is a 36,455-square-foot neighborhood retail center,
currently 100 percent leased, located at 2421-2509 Highway K in the St.
Charles West Trade area. Built in 1996, the shopping center was
renovated in 2012 and boasts a mix of local and national restaurants and
The Four Seasons Shopping Center represents the ninth property in
Free Income Fund IV, a portfolio that includes shopping centers from
various markets across the Central U.S. The Grand Marketplace retail in
St. Louis, acquired by Baceline last May, is also part of the fund. The
Debt Free Income Fund IV closed to new investment March 31 with $45
million in committed capital. It is anticipated that the Fund will own
approximately 10 shopping center properties.
“The Four Seasons Shopping Center fits nicely into our Debt Free Income
Fund Portfolio,” said David Puchi, Baceline’s managing partner. “It adds
another layer of diversity to the portfolio, both in its tenant base of
everyday goods and services and its location in a high-end St. Louis
suburb. Four Seasons, situated in an affluent neighborhood, is
positioned to create stable, cash-flowing activity for investors.”
Baceline’s Debt Free Income Fund concept includes a diversified
portfolio of retail properties. Using its “debt free” acquisition
strategy, and focusing on the value found in Middle America, Baceline
executes a stabilization program designed to maximize investor value
upon the sale of the property.
About Baceline Investments
Founded in 2003, Baceline Investments, LLC is a Denver-based privately
held boutique real estate investment and management company that
specializes in the acquisition, management, and sale of necessity-based
shopping centers in select secondary markets across America's Heartland.
By avoiding high-priced and competitive commercial real estate markets
on the coasts, Baceline’s Heartland focus provides untapped investment
opportunity. This unique geographic focus allows investors to better
diversify their investment portfolio. Learn more about Baceline
Investments at www.bacelineinvestments.com
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