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ST. LOUIS-Ramco-Gershenson Properties Trust, a Farmington Hills, Michigan-based REIT, has purchased Heritage Place, a shopping center spanning 270,000 square feet at Ross Avenue and Olive Boulevard in Creve Coeur. St. Louis County records show that Gateway Riverside Inc., a corporation based in California, was the previous owner of the retail center.

The Dierbergs grocery store anchors 74,721 square feet at the shopping center. The retail center, which is 90.1% leased, is being managed by Pace Properties.For the full story, go to St. Louis Business Journal.

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