Newspaper article St Louis Post-Dispatch (MO)

Cincinnati Firm Adds Two More Shopping Centers to Big Purchase from Kimco

Newspaper article St Louis Post-Dispatch (MO)

Cincinnati Firm Adds Two More Shopping Centers to Big Purchase from Kimco

Article excerpt

An affiliate of Cincinnati-based Select Strategies Realty has added two more St. Louis-area shopping centers to the properties it is acquiring from New York real estate investment trust Kimco Realty.

Kimco had announced in April it was selling King's Highway Shopping Center at 4930 Christy Boulevard in St. Louis; Overland Crossing at 8901 Page Avenue in Overland; Lemay Shopping Center at 1032 Lemay Ferry Road; Creve Coeur Shopping Center at 955 Woodcrest Executive Drive in Creve Coeur; and Fairview Heights Centre at 6569 North Illinois Street in Fairview Heights, for $49.5 million.

Select Strategies on Thursday said the deal's value was now $78.4 million and included two other shopping centers: Gravois Plaza in Tower Grove South, where Aldi is planning a new store in a former Shop 'n Save location, and Kirkwood Crossing at Kirkwood and Big Bend roads, anchored by Hobby Lobby and Burlington. …

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