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Baceline Investments : Acquires Shopping Center in Suburban St. Louis

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04/11/2016 | 02:46pm EDT

O’Fallon-based Four Seasons Shopping Center added to firm’s Debt Free Income Fund portfolio

Baceline 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 retailers.

The Four Seasons Shopping Center represents the ninth property in Baceline’s Debt 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 or LinkedIn.


© Business Wire 2016
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