TOWN AND COUNTRY, MO-Ramco-Gershenson Properties Trust, based in Farmington Hills, MI, recently bought the Town and Country Crossing retail center here for $37.8 million. The 282,000-square-foot property, anchored by a Whole Foods market and shadow-anchored by a Target, shows how well grocery-anchored retail is faring in today’s volatile retail sector.

A group of investors built the center in 2008, including Philadelphia-based Amerimar Enterprises Inc., St. Louis-based Emerald Properties Group and New York-based Angelo Gordon & Co. A special taxing district was created during the development to finance more than $10.5 million in roadway improvements around the center.

The property, at the southwest corner of Woods Mill and Clayton roads, is 81% leased, and includes other tenants Five Guys Burgers, FedEx, PNC Bank, Qdoba Mexican Grill, Sprint and Verizon. This is the second St. Louis center purchased by the trust, which bought Heritage Place for $39.4 million from Pace Properties in May.