{"id":1004244224,"date":"2018-07-20T04:32:24","date_gmt":"2018-07-20T12:32:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004244224"},"modified":"2022-12-08T15:49:44","modified_gmt":"2022-12-08T23:49:44","slug":"st-louis-mall-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/","title":{"rendered":"St. Louis Mall Changes Hands"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004244227\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004244227\" data-attachment-id=\"1004244227\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/chesterfield-mall\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Jeffrey Hamann&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1532093668&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Chesterfield Mall\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Chesterfield Mall&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg?w=800\" class=\"wp-image-1004244227 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg\" alt=\"Chesterfield Mall\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004244227\" class=\"wp-caption-text\">Chesterfield Mall<\/p><\/div>\n<p>Hull Property Group has acquired the 1.3 million-square-foot Chesterfield Mall near St. Louis, Mo. According to&nbsp;the&nbsp;<em>St. Louis Post-Dispatch,<\/em>&nbsp;the asset traded for $13 million. The seller, C-III Capital Partners, took control of the retail property following a foreclosure action in 2017 against the prior owner, CBL &amp; Associates Properties.&nbsp;<\/p>\n<p>Located at 291 Chesterfield Mall in Chesterfield, Mo., the retail asset is just west of the intersection between Interstate 64 and Missouri Route 340. Positioned 20 miles west of downtown St. Louis, the property is anchored by Sears, Macy\u2019s and an AMC cinema.<\/p>\n<h2>Reinventing the asset<\/h2>\n<p>Sears closed numerous stores during the past year. In late May, the retailer announced it would shutter 63 more later this year, including the Chesterfield Mall location, according to St. Louis\u2019 <em>FOX 2 News<\/em>. Dillard\u2019s, a former anchor tenant, shut its doors in 2016 and has no concrete plans to re-open.<\/p>\n<p>The new owner plans to reposition and redevelop the asset. The firm\u2019s managing principal, Jim Hull, noted that the company will meet with community leaders, nearby property owners and other stakeholders to decide how best to proceed with <a href=\"https:\/\/www.commercialsearch.com\/news\/the-opportunity-behind-vacant-mall-spaces\/\">reinventing the shopping mall<\/a>.<\/p>\n<p><em>\u201cWe believe that it is important for a community to have a vibrant retail corridor and a first-class enclosed mall, but it is clear the Chesterfield Mall is not succeeding in its current state,\u201d<\/em> said Hull in a prepared statement. <em>\u201cDue to changing shopping habits and the exodus of retailers, a great amount of time, capital and effort is needed to determine how to reinvent this property into the best use that the Chesterfield community will embrace.\u201d<\/em><\/p>\n<p><em>Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hull Property Group picked up the 1.3 million-square-foot Chesterfield Mall, opened in 1976, from C-III Capital Partners, which took control of the asset after a foreclosure action in 2016.<\/p>\n","protected":false},"author":861,"featured_media":1004244227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,13,21742,21749,1611],"tags":[35797,36351,33275,38719],"class_list":["post-1004244224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midwest","category-latest","category-retail","category-st-louis","tag-c-iii-capital-partners","tag-capital-improvement","tag-cbl-associates-properties-inc","tag-sears"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>St. Louis Mall Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"St. Louis Mall Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Hull Property Group picked up the 1.3 million-square-foot Chesterfield Mall, opened in 1976, from C-III Capital Partners, which took control of the asset after a foreclosure action in 2016.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-20T12:32:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:49:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/\",\"name\":\"St. Louis Mall Changes Hands - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg\",\"datePublished\":\"2018-07-20T12:32:24+00:00\",\"dateModified\":\"2022-12-08T23:49:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg\",\"width\":800,\"height\":620,\"caption\":\"Chesterfield Mall\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"St. Louis Mall Changes Hands\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4\",\"name\":\"Jeff Hamann\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Jeff-Hamann.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Jeff-Hamann.jpg?w=96\",\"caption\":\"Jeff Hamann\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jeffh\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"St. Louis Mall Changes Hands - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/","og_locale":"en_US","og_type":"article","og_title":"St. Louis Mall Changes Hands","og_description":"Hull Property Group picked up the 1.3 million-square-foot Chesterfield Mall, opened in 1976, from C-III Capital Partners, which took control of the asset after a foreclosure action in 2016.","og_url":"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-07-20T12:32:24+00:00","article_modified_time":"2022-12-08T23:49:44+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg","type":"image\/jpeg"}],"author":"Jeff Hamann","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/","url":"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/","name":"St. Louis Mall Changes Hands - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg","datePublished":"2018-07-20T12:32:24+00:00","dateModified":"2022-12-08T23:49:44+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg","width":800,"height":620,"caption":"Chesterfield Mall"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/st-louis-mall-changes-hands\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"St. Louis Mall Changes Hands"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4","name":"Jeff Hamann","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Jeff-Hamann.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Jeff-Hamann.jpg?w=96","caption":"Jeff Hamann"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/jeffh\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/Chesterfield-Mall.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004244224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/861"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004244224"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004244224\/revisions"}],"predecessor-version":[{"id":1004244299,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004244224\/revisions\/1004244299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004244227"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004244224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004244224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004244224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}