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UGL EQUIS ARRANGES RETAIL ACQUISITION FOR WEBSTER UNIVERSITY

WEBSTER GROVES, MO. — Chicago-based UGL Equis has represented Webster University in the acquisition of the 35,710-square-foot Old Orchard Shopping Center, which is located adjacent to the university at 25 S. Orchard Ave. in Webster Groves. The university, which occupies 55 acres in the St. Louis suburb, currently leases 15,207 square feet within the Old Orchard center for classroom space for its fine arts program and for practice space for The Repertory Theatre and the Opera Theater of St. Louis. Webster University has no plans to alter the retail center, which it acquired from Mills Properties for an undisclosed amount. Tenants at the development include Starbucks Coffee, Subway, The Boardwalk Café, and The Back and Neck Care Center of Webster Groves. Regan Trittler of UGL Equis represented the buyer; Ken Aston of Hendricks & Partners represented the seller in the transaction.

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