BR Malls Raises $433M in Stock Offering (7/6)
Jul 6, 2009 7:12 PM
Brazilian shopping center operator BR Malls raised about 836 million reais ($433 million) from the primary and secondary sales of shares last week.
BR Malls sold about 30.3 million shares in the public offering at 15 reais per share. In addition, shareholders including Private Equity Part and the firm's Chairman Richard Matheson sold 25.4 million shares at the same price.
BR Malls said the shares were sold to both domestic and overseas investors.
Other Notable Deals
Kite Realty Group Trust (NYSE: KRG) announced that during the second quarter it closed on the sale of two ground leased land parcels for gross proceeds totaling $10.9 million. Net proceeds after closing costs totaled $10.7 million. A portion of the proceeds has been used to reduce debt and the balance has been retained in cash…. Stan Johnson Co. completed the sale of a ground lease of a 5,000-square-foot free-standing bank branch leased to JP Morgan Chase to a Washington-based individual investor for an undisclosed price…. Voit Real Estate Services’ Commercial Brokerage Division directed the sale of a 2,800 square-foot retail property for $2.4 million in San Diego, Calif. Voit represented both the seller, Chirco Trust, and the buyer, Taylor Trust 8-9-95, in the transaction….Plaza Advisors announced the sale of the 85,252-square-foot Plant City Crossing shopping center near Tampa, Fla. Plaza Advisors represented the seller in the, Southeast Plant City, LLC. Fraga Development Corp. bought the property.
(To have your deals included in our weekly roundup, please email releases to David Bodamer or Elaine Misonzhnik.)
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