N. Highway 67 Retail Center
Florissant, MO (St. Louis MSA)

Property Snapshot | 106,998 SF regional shopping center located along North Highway 67 in Florissant, MO within the St. Louis metropolitan area.

Acquired: 6/5/2024

The Florissant shopping center is a multi-tenant retail property situated on approximately 9.34 acres along a major retail corridor in Florissant, Missouri. The center is leased to a mix of national retailers, including Michaels, ULTA Beauty, Petco, Five Below, and several restaurant and service-oriented tenants that support consistent traffic throughout the property.

The center also benefits from strong surrounding retail synergy and is shadow-anchored by major national retailers, including Target and Aldi, with neighboring businesses including Panera Bread, LongHorn Steakhouse, and Applebee’s.

Criterion acquired the property with a value-add strategy focused on strengthening long-term tenancy, improving cash flow, and creating additional value through strategic asset management initiatives. Shortly after acquisition, Criterion completed the sale of the Chipotle and Panda Express outparcel, using proceeds to reduce debt and improve the overall capital structure of the investment.

Additional business plan initiatives have included proactively managing tenant renewals, improving tenant mix quality, and positioning the center for long-term operational stability within one of the St. Louis area’s established retail corridors.

The Florissant shopping center reflects Criterion’s investment strategy of acquiring well-located retail properties with strong national tenancy, durable underlying real estate fundamentals, and multiple opportunities to create long-term value through disciplined asset management.