For retail properties, the second quarter saw five deals for $52.6 million at a mean price of $104 psf and a mean cap rate of 11.3%. The leading sale of the quarter, and third over the past 12 months, was the 175,140-square-foot Central Plaza in Ballwin. Pace Properties traded it to Ramco-Gershenson Properties Trust for $21.5 million ($123 psf) in June. In December 2011 Ramco had purchased the Town and Country Shopping Center in Town and Country for $37.8 million ($261 psf), and the firm was thus the buyer in two of the three largest deals of the past four quarters. The rolling 12 month cap rate as of the latest quarter was 9.3%, up from 7.8% the quarter before.