Shopping Center with Walmart, Best Buy, Bed Bath & Beyond Sells Again
It changed hands in 2010. Now, the Post-Dispatch reports that the company owned by real estate developer and Rams owner Stan Kroenke assumes control.
The busy shopping center at the southeast corner of Highway 141 and Manchester Road has changed hands a little over two years since the last time, according to a report in the St. Louis Post-Dispatch.
The newspaper reported that the Phoenix firm that had owned the Manchester Highlands shopping center sold it this week to TKG, which is The Kroenke Group, owned by real estate developer and St. Louis Rams owner Stan Kroenke.
The parties did not disclose the purchase price.
The center is anchored by Best Buy, Bed, Bath and Beyond and a Walmart Supercenter. It last sold in September 2010 to Cole Real Estate Investments in Phoenix, which paid $48.5 million for the center at the time.