Post-Dispatch publisher spends 1.25 for 5BD

Medium images St. Louis Post-Dispatch publisher Kevin Mowbray and his wife, Linda, bought a five-bedroom, five bath St. Louis home at 476 Steeplechase Ln. in Frontenac for $1.25 million on Aug. 15 from Roy and Rosemary Stolze.

The Stolzes paid $917,500 for the house in July 1996. Town & Country's Joan Schnoebelen had the sale for the 5,239 square foot home originally listed for $1.329 million.

This summer Mowbray, who is currently vice president of Lee Enterprises, was appointed to his position with the Post-Dispatch. He replaced Terrance Egger, who resigned in May. He was previously publisher of The Times of Northwest Indiana in south suburban Chicago.

The 44-year-old Kewanee Ill. native started his career with Lee, a newspaper publishing company based in Davenport, Iowa, in 1986 as a sales manager in his hometown. He went on to hold sales positions for the company in Helena, Butte and Billings, Mont., and Chicago to be Lee's national sales manager for corporate sales and marketing.

He was an advertising manager for the Lincoln Journal Star (1995-98) general manager at the Missoulian in Missoula, Mont., (1998-2000) then became publisher of the Bismarck Tribune. He has a journalism degree from Western Illinois University.

Mr. Stolze, 65, sold Bruno Stolze & Co., the discount brokerage firm he formed with J. Michael Bruno in 1975, to Mercantile Bancorporation Inc. for an estimated $6 million in 1998. Stolze previously worked for A.G. Edwards, a national borkerage firm.

Address: 476 Steeplechase Lane
Buyer(s): Barry Rosenblum
Seller(s): Barry Rosenblum (and wife) and Lisa Oakley (and husband)
Sale date: May. 4, 2011

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