The property is fairly new and was developed in phases over thepast five to seven years, says Joe Girardi, an associate withMid-America. He and principal Rick Drogosz represented the seller,a public REIT based in Houston, TX.

Girardi says though the property is a high-quality regionalpower center in a strong trade area, fully occupied, the seller hasincentive to get rid of the property. "Weingarten made a decisionto exit some of their non-core markets, and in St. Louis they onlyown a couple properties," he tells GlobeSt.com. Girardi said hecouldn't comment on if the company is marketing its other St. Louisproperties, Ballwin Plaza and Western Plaza.

He says the lease rates vary in the center, "from the low teensin the bigger spaces to the mid- to upper-20s in the smallershops." The property is on the southwest quadrant of IllinoisStreet (State Route 159) and Lincoln Trail, across from the onemillion sf St. Clair Square.