Market Overview

Ramco-Gershenson Acquires Grocery-Anchored Shopping Center in Metropolitan St. Louis, Missouri

Ramco-Gershenson Properties Trust (NYSE: RPT) announced today that it has acquired Heritage Place, a 270,000 square foot shopping center in Creve Coeur, a suburb of St. Louis, Missouri. Heritage Place is anchored by a 74,721 square foot Dierberg's Supermarket. Dierberg's is a dominant upscale grocer in the St. Louis market. The 90.1% leased shopping center also features a number of additional creditworthy national tenants including Marshalls, T.J. Maxx, Office Depot and Petco. Heritage Place is the fourth grocery-anchored shopping center acquired by the Company since the third quarter of 2010.

Posted-In: News M&A

 

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