Prudent Growth Expands to Missouri with Purchase of Tori Pines Plaza in St. Louis

Prudent Growth Partners, LLC, a private equity real estate firm with locations in Chapel Hill and Charlotte, NC, has completed its $3.9 million purchase of Tori Pines Plaza, a 24,000 square-foot multi-tenant shopping center located in St. Louis, Missouri.

Built in 2003, Tori Pines Plaza boasts a strong group of e-commerce-resistant tenants and is situated along Telegraph Road, which runs north to St. Louis. With a diverse tenant base and a desirable, high-traffic location, Tori Pines is currently 83% occupied and the lineup features a healthy mix of businesses.

The premier neighborhood-style dining, shopping, and service-oriented center is strategically positioned in Oakville, an affluent Southern suburb of St. Louis, and features excellent frontage along Telegraph Road, one of the main thoroughfares for South St. Louis County. There are over 46,000 residents within a 3-mile radius of the property with an average household income is over $100,000.

"We’re excited about Tori Pines Plaza and our first acquisition in Missouri. We look forward to the performance of this center, given its location and surrounding community. It is another strong acquisition for our investors and a great addition to our portfolio." said Tom Hahn, President of Prudent Growth Partners.

Prudent Growth Partners, LLC is a private equity real estate investment company based in Chapel Hill, NC. The firm focuses on properties that tend to be overlooked by larger institutions and provide exceptional returns on invested capital along with the possibility of longer-term capital gains achieved by expert management and future price appreciation.