PACE PROPERTIES SECURES SEVEN TENANTS FOR TWO RETAIL CENTERS

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BALLWIN AND MANCHESTER, MO. — St. Louis-based Pace Properties Inc. has added three national retailers to its 180,000-square-foot Central Plaza Shopping Center, which is located at the corner of Manchester Road and New Ballwin Road in the St. Louis suburb of Ballwin. Office Max has opened a 20,000-square-foot store, and Pet Supplies “Plus” has opened an 8,050-square-foot store within the center, marking its first Missouri location. This spring, Jo-Ann Fabrics & Crafts will open its first 30,000-square-foot “superstore” in Missouri. Additional tenants at the development include Borders Books & Music, Bova Furniture, Hallmark Cards, Famous Footwear and Sauder Furniture. Additionally, in the St. Louis suburb of Manchester, Pace Properties has added four retailers to its Manchester Highlands regional shopping center, which is located at Manchester Road and Highway 141. Upon completion, Manchester Highlands will consist of more than 500,000 square feet of retail. Ulta, Best Buy, Bed Bath & Beyond and PetsMart were the first tenants to open at the development in November. Costco and a Wal-Mart Supercenter are scheduled to open in the summer. The city of Manchester will also move its municipal facility and police headquarters to the project.

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