ST. LOUIS, MO/March 28, 2017 (STLRealEstate.News) Southern Real Estate & Financial Co. – The St. Louis Business Journal, a subset of the national Business Journal Publications committed to reporting on business and economic-related stories, this week announced in their list of top 150 companies forecasted for 2017, St. Louis’ Southern Real Estate & Financial Company comes in at number 40. It was a quiet year for the company, with revenue staying flat at an estimated $500 million. The company continues to own a portfolio that includes Clayprice Shopping Center in Ladue; 903 S. Lindbergh Blvd. in Frontenac; the Shops at Clarkson Corner in Chesterfield; and the city block downtown occupied by Kiener Plaza that is leased to the city of St. Louis.
With many projects in the queue, the Kiener Plaza undertaking is one that is part of the $380 million CityArchRiver project. The company has been part of the overhaul for months, and is excited to announce they expect the project o be completed in May. The rest of the stated projects will also be completed later this year.
The Cella family owns the Southern Real Estate & Financial Co. The company chairman, Charles Cella, also functions as the president and CEO. His sons, Louis and John Cella, are vice presidents, as is a non-family member, John McDonald. In addition to their ownership over the real estate and financial management company, the Cella family also owns and operates Oaklawn Park Race Track in Hot Springs, Arkansas. Oakloan projected $27 million in purses for 2016, according to Bloodhorse.com, which reports on the thoroughbred industry.
Impressively, the Cellas developed the technology in 2000 for the first machines installed at Oaklawn.
To date, the Southern Real Estate & Financial Co. has 1,400 employees and counting. With a formidable number 40 ranking from the Biz Journals, it should be interesting where the company goes in the future.