ST. LOUIS—New York-based Time Equities paid $7.125 million for The Shoppes at Seven Oaks, a 53,050-sq.-ft. center located at 13645 Big Bend Road in St. Louis, Mo. It is the company’s second retail acquisition in the state.
In addition to the center, Time Equities picked up 2.5 acres of excess developable land.
Currently 92 percent occupied, The Shoppes at Seven Oaks includes tenants including Man Power Inc., Flex Health and Fitness and The Corner Pub and Grill, among others.
Geoff Daniels of Daniels Realty Group represented Time Equities in the transaction. Daniels will also be the managing agent of the shopping center.