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St. Louis Center sold for $10.6 million
Springfield, Illinois-based Jared Commercial has acquired the Chippewa Center in St. Louis from an investment partnership controlled by Pace Properties. The purchase price was $10.6 million. The 147,920-sq.-ft. center is located in the densely populated Shrewsbury neighborhood of St. Louis. Chief tenants are Shop ‘n Save, Value City Furniture, and Dollar Tree. The deal was brokered for Jared Commercial by Mid-America Real Estate.
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Ikea names contractors and other key players for new Texas location
Ikea has moved closer to breaking ground on its second location in the Dallas-Fort Worth-area store. The home furnishings retailer announced it has hired the contractors to build its store in Grand Prairie, Texas. Groundbreaking for the planned 290,000-sq.-ft. store is expected next month. It’s expected to open in fall 2017. Ikea has chosen Mycon General Contractors, Dallas, to serve as construction manager for the Grand Prairie site work and store development project.

