GMB in the News
Mark Twain Mall SOLD to Cohen Commercial


Tuesday May 17, 2011
PRNewsWire News Releases
Released By Cohen Commercial Properties [excerpt]

Cohen Commercial Properties, in joint venture with DRA Advisors, is pleased to announce the acquisition of the Mark Twain Shopping Center, a 300,000 square foot, open-air regional shopping center anchored by Bass Pro Shops, Gordman's Department Store, and Aldi's Supermarket, located in St. Charles, Missouri.

Aside from these three anchors, tenancy is generally comprised of a mix of local, regional, and national tenants including 7 restaurants. There is currently upside available through the approximately 30,000 square feet of vacancy as well as the potential to develop over 4 acres of adjacent land.

The New York Times


Data Centers Offer Hope for St. Louis Office Market
By Robert Sharoff
Published: February 8, 2011

[excerpt] Ted Davies, the president of Unisys’s federal systems business, said two factors were important in the choice of St. Louis . The first is proximity to the Rural Development agency at the Agriculture Department, which has a sizable office in the city and is expected by Unisys to be one of the new center’s main customers.

The second concern was the cost comparison between St. Louis and Reston, Va., where Unisys’s federal systems division has its headquarters. “We looked at labor and real estate and found the arbitrage to be about 25 percent,” Mr. Davies said.

The new center opened in November and occupies about 10,000 square feet at 555 Washington Avenue, a five-story former department store building with an elaborate ornamented facade. The center will eventually have about 300 employees.

"We wanted a ‘cool’ building,” Mr. Davies said. “We are hiring a lot of younger folks, and they like the look and feel of being downtown.”

Unisys Federal Systems comes to 555 Washington


[St. Louis, Mo., June 24, 2010] Unisys (NYSE: UIS) today announced the creation of a new Application Modernization Center of Excellence (AMCOE) to be based in St. Louis, Missouri.

The center, which is expected to create 300 IT jobs by 2012, will provide a central team of highly skilled experts focused on building, operating, and maintaining innovative, leading-edge software applications for Unisys federal government and commercial clients.

The new center will serve as the core application development hub for Unisys Federal Systems, centralizing application modernization services and support provided for Unisys government clients, including the U.S. Department of Agriculture. The USDA Rural Development agency recently awarded a contract to Unisys for applications modernization and end user support services to support the full range of the agency’s programs serving the citizens of rural America.

Unisys has begun to hire staff for IT positions in the areas of applications development. Certified developers at the center will also work to develop applications for Apple Mac, Apple iPhone and Apple iPad environments in accordance with the requirements of the U.S. federal government.

“Working with business and labor to create and retain jobs for Missouri has been my primary focus as governor,” said Jay Nixon, Governor of Missouri. “Creation of the Unisys Application Modernization Center of Excellence in St. Louis, which is expected to create hundreds of IT jobs in the city, is an important step forward in our commitment to attracting sustainable, living-wage jobs to our state. Unisys has a strong and established IT presence within our state, and we are pleased that they have chosen to grow their business here in Missouri.”

Pictured from left: Dick Fleming, CEO and President of the Regional Chamber and Growth Association; Missouri Governor Jay Nixon; Ted Davies, Senior Vice President of Unisys; City of St. Louis Mayor Francis Slay

ITT Arnold has expanded by 5,000 sq. ft.


Construction is complete, expanding the ITT Arnold campus, with additional classrooms and lab space. Chuck Mueller, GMB Project Coordinator, supervised the development process, including lush landscaping and new parking areas.

The ITT Technical Institute offers an education that can be used in some of today's fastest growing career fields, including electronics, web development, computer programming, computer networking, and computer drafting and design.

Downtown St. Louis St. Charles Chamber of Commerce Northwest Chamber of Commerce St. Louis Regional Chamber & Growth Association Cape Girardeau Chamber of Commerce Sikeston Area Chamber of Commerce