A local investor has acquired Fox Lake Center, a 27,093 square foot retail investment property located at 3801–3837 Vaile Avenue in Florissant, Missouri. Situated at a signalized intersection, the neighborhood strip center has long served as a hub for local businesses and community-oriented retail. The property features 21 tenant spaces occupied by a strong mix of mom-and-pop businesses and has maintained over 90% occupancy for more than two decades, making it a highly stable investment opportunity offered at an attractive cap rate.
The property was sold by H&Y Corporation, which had owned and managed the center for the past 22 years. The seller was represented by Jeff Altvater of Hilliker Corporation, while the buyer, BDI Commercial LLC, plans to continue the property’s legacy as a dependable retail destination serving the surrounding Florissant community. The transaction reflects continued investor demand for well-positioned neighborhood centers with proven occupancy histories and strong local tenant bases.
Altvater has been active in the commercial real estate industry since 1998 and brings decades of experience in brokerage, ownership, and property management to his clients. His background in the ownership and management of industrial and multifamily properties has given him a practical, investment-minded perspective that clients have found invaluable in helping them achieve their real estate goals. That experience played an important role in successfully positioning Fox Lake Center for sale and guiding the transaction to a successful closing.