Jenel Real Estate has paid $40.75 million, or $149.78/sf, for Lincoln Place, a 272,060-square-foot shopping center in the St. Louis suburb of Fairview, Ill. The New York investor purchased the property from Acadia Realty Trust, a Rye, N.Y., REIT, that was represented by JLL Capital Markets. Lincoln Place, at 6165 North Illinois St., is 95 […]

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