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STL shopping center sells for $40M

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A St. Louis shopping center sold to a New York investor.

The 272,060-square-foot Lincoln Place center was purchased by JENEL Real Estate for $40.1 million. The seller was Acadia Realty Trust.

The Fairview Heights retail center is anchored by tenants including Aldi and Kohl's.

Read more from the St. Louis Business Journal.

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