Award Finalist
Pace
Properties
Robert Sherwood, Mark Sedgwick and Joseph Ciapciak
Pace Properties was founded in 1984 as a real estate investment
company. Co-founders Robert Sherwood and Mark Sedgwick had no significant
real estate management or brokerage experience, but found a niche
in purchasing "undervalued" retail properties and then
added value with re-modeling and re-merchandising. They eventually
acquired and redeveloped seven community centers.
Sherwood
and Sedgwick, along with Joseph Ciapciak, are managing directors
of the company, which owns approximately two million square feet
of Class A, community shopping centers throughout the Midwest
valued in excess of $120 million. Pace's three major business
areas today are property services including retail development,
management and leasing; corporate services; and investment. In
the St. Louis area, Pace is the only locally-based real estate
firm to provide pure tenant representation services to corporate
users. (back)
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