The Lincoln Crossing shopping center in north Lincoln at 27th and Superior streets has officially changed ownership. According to real estate documents filed last month, The Kroenke Group, a company headed up by billionaire St. Louis Rams owner Stan Kroenke, paid $24.75M for one of the city’s largest shopping centers. At approximately 650,000 square feet, Lincoln Crossing is home to several big box stores including Wal-Mart, Sam’s Club, Gordmans, Slumberland and Toys R Us. It had previously been owned by the Lerner Co. of Omaha since it was built in 1995. The Kroenke Group also bought the Van Dorn Plaza shopping center at 48th and Van Dorn streets two years ago for $11 million along with a self-storage business at 61st and Cornhusker Highway last year for $3.2 million.
The Kroenke Group’s purchase of Lincoln Crossing is the latest of several major commercial real estate sales in the beginning of 2015. Integris Ventures of St. Louis bought Centro Plaza shopping center at 48th and R streets for nearly $17 million, AJ Capital of Chicago bought the downtown Holiday Inn for more than $22 million, and Starwood Capital Partners, which also bought Gateway Mall in 2012, paid $13.3 million to buy The View student apartment complex at 301 W. Charleston St.