Contact: Lori Willis

Director of Communications


May 11, 2005

Lake Saint Louis Schnucks Named "Business of the Year"

LAKE SAINT LOUIS, Mo. - On May 12, at the Lake Forest Country Club, the Lake Saint Louis Chamber of Commerce will honor the community's Schnucks store as "Business of the Year."

Chamber of Commerce President Jeff Unterreiner says, "Schnucks was selected this year because the store has brought other businesses to the property and helped to spur quality developments on the west side of the city. These developments are bringing services to the residents and needed tax revenues to the city," he said.

The 63,000-square-foot food and drug store, located at 101 Civic Center Drive, opened June 15, 2004 and anchors the Shoppes at Lake Saint Louis community shopping center while currently employing 120 associates. Also being honored is the shopping center developer, The DESCO Group.

Schnucks Store Manager Bob Pace is delighted that his store team has been singled out for this honor. "We share this honor with our customers. The people of Lake Saint Louis and the surrounding communities have welcomed us with open arms and responded well to our unique combination of quality products, service, variety and value," Pace said. "In the years to come, Schnucks associates will look forward to serving area families and contributing to the growth of Lake Saint Louis community."

Founded in St. Louis in 1939, Schnuck Markets, Inc. currently operates 102 stores (including five Logli stores) and 97 pharmacies in Missouri, Illinois, Indiana, Wisconsin, Tennessee and Mississippi. The family-owned company ranks 94th in the Forbes magazine listing of the nation's "Largest Private Companies."

The DESCO Group, founded in 1993, provides corporate real estate services, development, brokerage, property management and construction management services. DESCO specializes in delivering this broad range of comprehensive real estate services to corporate clients, institutions, private investors and emerging growth companies. The St. Louis-based firm is active in Missouri, Illinois, Kansas, Indiana, Oklahoma, Arizona, Louisiana, Iowa, Wisconsin, Mississippi and Tennessee. The company's 45-member staff manages, leases and provides corporate services at 174 retail, office and industrial properties totaling nearly 12 million square feet.

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