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ST. ANN, MO-Los Angeles-based private equity real estatecorporation, Somera Capital Management LLC, has acquired the1.8-million-sf Northwest Plaza from Australia-based Westfield Groupfor $45 million. According to the new owner's plans, the 122-acresite located at North Lindbergh Boulevard and St. Charles Rock Roadwill undergo a substantial renovation.
"There is a long-term opportunity to do something truly excitingwith this site," says Steve Plenge, Somera executive vicepresident. "We envision Northwest Plaza as being much differentthan it is today when we complete the repositioning of theproperty."
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