Market Place Commons
Fairview Heights, IL

Property Snapshot | 90% leased Fairview Heights retail investment with a diversified mix of service-oriented, retail, and restaurant tenants. Anchored by Hooters, which has operated at the property since 2000 and recently executed a 10-year extension.

Acquired: 6/13/22

Market Place Commons is a neighborhood retail center located in Fairview Heights, Illinois, serving the Metro East retail market.

The property features a diversified tenant mix with staggered lease expirations, including service, retail, and restaurant operators. Its long-standing Hooters anchor has been a tenant since the center was built in 2000 and recently committed to a 10-year extension.

Market Place Commons reflects Criterion’s retail investment strategy: acquire well-located commercial real estate with durable tenant demand, diversified occupancy, and opportunities to create long-term value through disciplined asset management and targeted property improvements.

Criterion actively pursues similar retail real estate investment opportunities across strategic markets.

Property Updates
Criterion is continuing its investment in Market Place Commons in Fairview Heights.

The property is moving forward with a planned $472,621 improvement project, supported by $75,000 in approved city TIF assistance. The scope includes façade improvements, roof and gutter work, parking-lot repairs, curb improvements, restriping, and new lighting.

This project reflects our hands-on ownership approach and our commitment to strengthening the properties where local businesses serve their communities.

Read the Belleville News-Democrat coverage:
https://www.bnd.com/news/local/article316779889.html