Cave Springs Shopping Center
US - Saint Peters, MO
176,804 sf
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to present the rare opportunity to acquire Waterside (“the Property”), an institutional quality Whole Foods grocery-anchored, and destination-based shopping center, situated within the recently developed Waterside mixed-use development. The Property is located within the fast-growing Southwest Fort Worth, Texas submarket – within a 10-mile radius of the Property there are over 13,000 single family lots recently delivered or under construction, and over 46,000 proposed lots.
The location is further validated by Waterside’s tenancy. Since April 2020, over 33,000 SF of new leases have been signed. Current ownership has curated a first-to-market merchandise mix focused on beauty, wellness, leisure activities, and dining. Moreover, Waterside’s Whole Foods is the only one in Fort Worth while REI is the only store within 35 miles. The Property’s irreplaceable location and complementary tenancy coupled with Southwest Fort Worth’s explosive growth provide investors a unique opportunity to invest in a generational core offering.