ST. LOUIS, July 16, 2014. Enterprise Financial CDE, LLC (EFCDE), a subsidiary of Enterprise Financial Services Corp (NASDAQ: EFSC) announced that it has closed on an $8.5 million project in Pagedale, MO to be known as the Pagedale Town Center.
Last month, EFCDE provided $8.5 million of New Markets Tax Credit allocation for a transaction to assist in developing the Pagedale Town Center which is set to include a number of retail and entertainment services including a three-screen cinema, office and retail space and a health center.
Mitch Baris, Executive Director of EFCDE said “We would like to thank everyone at Beyond Housing, Inc. and the 24:1 Community Land Trust for their efforts in financing this project. This development will continue the transformation in the city of Pagedale that our friends at Beyond Housing started a number of years ago. We could not be more excited to be part of this project.”
Chris Krehmeyer, President and CEO of Beyond Housing stated “We are very excited about the progress taking place within the City of Pagedale. With the voice of the community driving development, the Pagedale Town Center is moving into the construction phase thanks to the commitment of great partners like Enterprise Bank. They have been instrumental in supporting our vision for helping the 24:1 communities become a better place to live. At Beyond Housing, we believe that thriving communities provide a quality of life in and around the home that brings out the best in the individuals who live in them.”
Enterprise Financial Services Corp (NASDAQ: EFSC) is the parent company of Enterprise Financial CDE, LLC (a three time NMTC awardee) and Enterprise Bank & Trust which operates commercial banking and wealth management businesses in metropolitan St. Louis, Kansas City, and Phoenix. The Company is primarily focused on serving the needs of privately held businesses, their owner families, executives and professionals.
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