DealPoint Merrill Closed Escrow 123,141 S.F.

Shopping Center

DealPoint Merrill closed escrow on a vacant Kmart anchored center for their new
co-investment redevelopment project

LOS ANGELES, CA – DealPoint Merrill closed escrow on Veterans Memorial Shopping
Center, located in a residential, retail and business district of St. Charles, Missouri on August 4,
2014. This is the 4th property that DealPoint Merrill has closed in the second quarter of this year.
The property, a 123,141 SF shopping center previously anchored by Kmart with 15.9 acres of
land, vacant building, retail and an established Chuck E. Cheese family entertainment has been
approved for redevelopment.

Dealpoint Merrill's executives, David Frank, CEO, negotiated the transaction, and Sterling
McGregor, Chief Investment Officer, handled the due diligence for the sale. The acquisition was
completed by Jason Limbert. Mike Gustafson, President of Sperry Van Ness®/DealPoint Merrill
Equities, an affiliate of DealPoint Merrill assisted with the investment capital. Mark Mimms of
Sperry Van Ness/DealPoint Merrill Properties Corporation, and Paul Fusz of CBRE were the
brokers. U.S. Title Guarantee Company handled the title and escrow for the transaction, and
financing by Rodeo Capital.

About DealPoint Merrill
DealPoint Merrill, LLC is an owner and operator of “value added” real estate opportunities and a
sponsor of real estate investment offerings. Based in Los Angeles, DealPoint Merrill is a
strategic alliance partner with Sperry Van Ness Real Estate for co-investment opportunities and
development services.
For more information visit our website at:

Danielle Watson
Phone: 800-808-8559

Sign up to vote on this title
UsefulNot useful