Situation
Northwest Plaza Shopping Center in Missouri, at one time the largest mall in the country, had fallen on hard times. Tenant departures and other market changes created an opening for redevelopment of the 125-acre property. Raven Development called upon Husch Blackwell’s real estate team to assist.
Result
Our team negotiated the acquisition of the vacant mall, as well as leasing and sale transactions. We assisted our client in arranging financing for the $106 million, multiphase project and in securing significant federal, state and local incentives.