The World's Largest Resource for the Cart, Kiosk, and Temporary Retail Industry
by CNBC.com

NORTH MIAMI BEACH, Fla. – Shopping center operator Equity One Inc. said Monday it has formed a joint venture with the New York Common Retirement Fund to acquire grocery-anchored centers.

The joint venture will be 70 percent owned by the retirement fund and 30 percent owned by Equity One.

Equity One will manage and lease the acquired properties. The retirement fund will be advised by LaSalle Investment Management.

The joint venture has acquired two shopping centers anchored by Publix — Country Walk Plaza in Miami and Veranda Shoppes in Plantation, Fla. — from Equity One for $39.4 million.

“This new alliance will enable us to continue our strategy of upgrading and diversifying our portfolio into the most densely populated, supply constrained markets of the country,” Equity One CEO Jeff Olson said in a statement

Read complete article.

Similar Articles

Useful Links

Looking for more information on wholesalers and products? Check out our directory of useful links.

  • Payment Max
  • Smart Blonde
  • Halloween Adventure
  • The Secret of the Himalayan
  • Rudolph & Me
  • CBL
  • Puka Creations

  • View the full directory
Hi Dow
© 2000-2014 International Council of Shopping Centers
1221 Avenue of the Americas
41st Floor
New York, NY 10020
Phone: 800.936.6297
Fax: 781.829.1042