The Staenberg Group, headquartered in St. Louis, Missouri, completed the purchase of Chesterfield Mall on February 14. The mall is located at the intersection of I-64/40 and Clarkson Road in Chesterfield, Missouri.
This transaction follows TSG’s previous acquisition of the Sears building at the mall in April of 2018 and positions the company to control and lead the impending development.
As the new owner, TSG plans to work with Macy’s and Dillard’s, the remaining two landowners at the mall, regarding their interest in participating in the proposed development program.
A project of this scale and significance will be transformational and will require strong support, partnership and assistance from the City of Chesterfield. The proposed development will enhance the quality of life for the community and offer residents and visitors the chance to connect in a new way.