Equity One to sell retail portfolio to Blackstone fund for $473.1M

09/27/2011 | Wall Street Journal, The

Equity One will sell 36 retail centers in the Southeast and along the Eastern Seaboard for $473.1 million. A Blackstone Group fund is the buyer of the 91% occupied portfolio, which includes properties in Georgia, Florida, North Carolina, South Carolina, Alabama, Tennessee and Maryland. The move will allow Equity One to concentrate its efforts in specific urban retail markets, CEO Jeff Olson says.

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