Not All Deals Are Off
Jan 1, 2008 12:00 PM
There has been a slowdown in the volume of retail properties trading hands in recent months, but that doesn't mean all wheeling and dealing has drawn to a halt. In late December, North Miami Beach, Fla.-based Equity One, Inc., completed the sale of 11 non-core properties in separate transactions for an aggregate purchase price of approximately $63.8 million. (It did not disclose the names of the buyers.)
A few days before Equity One made its announcement, DLC and Edens & Avant announced the closing of a deal in which Edens & Avant sold 16 properties to DLC for an undisclosed price. The portfolio of grocery-anchored neighborhood and community centers contains an aggregate 1.6 million square feet of space in seven states including Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina and Virginia.
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