Newspaper article St Louis Post-Dispatch (MO)

Sansone, Goldman Sachs Unit Buy Sunset Hills Shopping Centers

Newspaper article St Louis Post-Dispatch (MO)

Sansone, Goldman Sachs Unit Buy Sunset Hills Shopping Centers

Article excerpt

Sansone Group and has teamed with Goldman Sachs to acquire two shopping centers in Sunset Hills and are considering ways the developments might be expanded.

The Plaza at Sunset Hills and Shoppes at Sunset Hills acquired by Sansone and a unit of Goldman Sachs Asset Management are at South Lindbergh Boulevard and Watson Road. They total 450,000 square feet.

Financial terms were not disclosed. The Goldman Sachs unit that partnered with Sansone Group in the joint venture for the acquisition is AIMS Real Estate, which has $5.9 billion of assets under supervision.

Clayton-based Sansone Group developed the two properties in the mid-1990s and sold them to DDR Corp., an Ohio-based real estate investment trust, in 1998.

Nick Sansone, a Sansone Group principal, said Tuesday the centers are almost fully occupied. …

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