NewsMarch 6, 2007
Long-vacant Plaza Galleria may have new owner
Long-vacant Plaza Galleria at 2001 Independence St. may soon have a new owner. Greater Missouri Builders recently signed a purchase contract agreement on the 6.85-acre property. The property has been on the market since May 2004. The asking price on the building and its surrounding area is $2.2 million, but Tom Foote of GMB's commercial division said the final price will likely be "a little less than that."...
Long-vacant Plaza Galleria at 2001 Independence St. may soon have a new owner. Greater Missouri Builders recently signed a purchase contract agreement on the 6.85-acre property. The property has been on the market since May 2004.
The asking price on the building and its surrounding area is $2.2 million, but Tom Foote of GMB's commercial division said the final price will likely be "a little less than that."
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The contract does not force GMB to buy the property, but gives the builders the option to do so if they find a tenant interested in the land.
Foote said GMB will look to find a "big box" retail tenant to move into the property.
Read more about it in Wednesday's Southeast Missourian.
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