New York, Philadelphia and St. Louis — Urban Edge Properties (NYSE: UE), a real estate investment trust, has entered into a contract to acquire a seven-property portfolio of retail assets for $325 million.
St. Louis — JAB Holding Co., the private investment firm that purchased Krispy Kreme Doughnuts last year, has agreed to purchase Panera Bread Co. (NASDAQ: PNRA) in a transaction valued at approximately $7.5 billion.
St. Peters, Mo. — Knoebel Construction Inc. has broken ground on the Shoppes at Mid Rivers in St. Peters.
Gladstone, Mo. — HFF has arranged the sale of Prospect Plaza, a 190,006-square-foot, grocery-anchored shopping center located in the Kansas City suburb of Gladstone.
Kansas City, Mo. — Flex Build has finished the renovation of Watts Mill Shopping Center in Kansas City.
St. Louis — Baceline Investments LLC has acquired MLK Plaza, a 46,648-square-foot shopping center located in St. Louis, for $6.4 million.
Lee’s Summit, Mo. — Parrot Properties, in partnership with Block & Co., has received approval for its $225 million Village at View High development in Lee’s Summit from the city’s planning commission.
St. Louis — Mid-America Real Estate Corp. has arranged the $10.6 million sale of Chippewa Center, a 147,920-square-foot shopping center located in St. Louis.
St. Charles, Mo. — Orangetheory has opened a new location at Streets of St. Charles, a 27-acre mixed-use development located roughly 25 miles outside of St. Louis in St. Charles.
Lee’s Summit, Mo. — A joint venture between BIG Shopping Centers USA and RED Development has acquired Summit Fair, a 516,268-square-foot shopping center, for an undisclosed price.