Three Generations of Local Development & Ownership
Herman Paster starts Mayflower Distributing and contracts with Wurlitzer to be their exclusive distributor for Minnesota, Wisconsin, North Dakota and South Dakota.
Herman Paster, his wife Celia and brothers in-law Bert Getsug and Allen Nilva create Paster Enterprises as a residential development firm.
Paster Develops one of the first suburban strip malls in the Twin Cities - Lexington Plaza in Roseville.
Paster develops Sibley Plaza on West 7th Street in St. Paul to provide the necessities required by the new homeowners.
Northway Shopping Center in Lexington is built with an Applebaums as the anchor.
The newly built first section of Doddway Shopping Center in West St. Paul opens for business.
Central Plaza on Central Avenue and 45th Street in Hilltop is completed.
Southview Shopping Center in South St. Paul opens for business.
Edward Paster and his brothers Donald and Arnold step in to help their mother Celia run the business after their father and company founder, Herman, passes away.
Northway Shopping Center in Lexington is expanded for a 38,000 square foot Appleaums Grocery Store.
The company begins construction on Mounds View Square on Hwy 10 in Moundsview. The 100,000 square foot center is the companies largest to date.
Paster acquires Crystal Shopping Center at the corner of Broadway and Bass Lake Road in Crystal and immediately starts construction on a 20,000 square foot addition.
Paster sells Lexington Plaza in Roseville, its first center, to reinvest in its other centers and develop and acquire additional ones.
Two out buildings are added to Crystal Shopping Center in Crystal for a Golden Griddle (now Dairy Queen ) and for a Rax Roast Beef (now Popeye's).
Central Plaza in Hilltop expands with an additional 20,000 square foot building. The rest of the center gets a face lift.
The company starts construction on Lexington Plaza Shoppes in Roseville.
Paster acquires 60,000 square foot Mendota Plaza on Hwy 110 and Dodd Road in Mendota Heights.
Sibley Plaza in St Paul adds 43,000 square feet of retail space and the remainder of the center gets updated.
Edward Paster works to co-found the Minnesota Shopping Center Association (MSCA)
The company buys Crystal Town Center and starts construction on a second 45,000 square foot building anchored by ALDI Foods on the site.
Howard Paster, son of CEO Edward Paster, joins the company.
Paster completes 30,000+ square feet of the first phase of Lakevillle Crossing on 160th and Cedar in Lakeville.
The company breaks ground on 76,000 square feet of retail space as part of Phase II of Lakeville Crossing in Lakeville.
After numerous small expansions, an additional 47,000 square foot building is erected on the Crystal Shopping Center site to house a Marshalls and a Michaels.
Mendota Plaza in Mendota Heights undergoes a total redevelopment.
Paster acquires 69,000 square foot Cahill Plaza in Inver Grove Heights and an empty Circuit City in Minnetonka to be redeveloped as a Whole Foods.
Edward Paster, CEO, mentor and friend, passed away unexpectedly. Howard Paster, his son, takes over the reigns as the third generation to lead the company.
Upon completetion, Paster sells the Whole Foods in Minnetonka and purchases a 3 story multi-tenant office building in Minnetonka to be redeveloped into a mixed use retail/residential development.
The company sells Cahill Plaza in Inver Grove Heights and purchases 7/41 Crossing in Chanhassen.
Paster Enterprises rebrands itself as Paster Properties.
Paster begins work on the company's new mixed use development in Minnetonka to be called The Shops at 1700.
After an extensive redevelopment, Paster sells Northway Shopping Center and acquires Elk River Crossing in Elk River.
The Shops at 1700, our mixed use development in Minnetonka is completed and opens for both retail and residential tenants.
We sell our Central Plaza center and puchase 50th Street Plaza at 50th and France in Edina.
Paster acquires The Broadway in Northeast Minneapolis and Icehouse Plaza in South Minneapolis.
Paster enters into a strategic partnership with CBRE where CBRE will be handling all of Paster's leasing and property management functions.