Developer Michael Hamburg said Wednesday that his company, Pier Property Group, has dropped its contract to buy the campus but said he remains in "close contact" with Caleres.
Cushman & Wakefield marketing Caleres headquarters in Missouri April 22, 2021
Locally based Caleres has selected Cushman & Wakefield to market the firm’s headquarters site in Clayton, Missouri.
Caleres traces its roots back to the 1870s, when it was founded in St. Louis, and the company’s headquarters has been in Clayton since the 1950s.
Exploring a headquarters’ sale enables the company to capitalize on high demand for Clayton land and top suburban sites, explore a favorable office market and create a new, modern post-pandemic workplace for its about 700 local employees.
“We have received unsolicited inquiries over the years for this very desirable downtown Clayton location,” said Ken Hannah, chief financial officer of Caleres. “That demand has only increased and presents us with an opportune time to explore selling it.