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Chemicals company duo spends $1.55M in Town and Country

by Dan Fey, published Feb. 19, 2008

Surendra Gupta and his wife, Karen, bought a six-bedroom, 6.5 bath at 15 Muirfield Lane in Town and Country for $1.55 million from Commerce Bank on Jan. 3.

Commerce Bank foreclosed on the house for $185,000 on Sept. 21.

Mr. and Mrs. Gupta are the co-founders of St. Louis-based American Radiolabeled Chemicals Inc., one of the top three suppliers of radiolabeled chemicals in the world. The company supplies radiolabeled and unlabeled neurochemicals and biochemicals for life science research.

The couple founded the company in 1983 and it currently has offices in Vancouver, B.C., and Cardiff in the United Kingdom. In 2004, the company was recognized as one of the top 50 companies in the St. Louis region by the Regional Chamber of Commerce and Growth Association.

Home sales in Town and Country dropped 21 percent through Nov. 30, 2007 vs. the same period in 2006. The median price over that time period, however, rose $25,000, from $640,000 to $665,000.

Median sales prices in Town and Country risen steadily since 2000, according to BlockShopper Metrics.

Filed under: No story tag

Address: Single Family15 Muirfield Lane
Buyer(s): Gupta Karen Et Gupta Surendra Et Al
Seller(s): Commerce Bank N A
Sale date: Jan. 3, 2008

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Neighbors for 15 Muirfield Lane, Town & Country, MO

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