Monday, May 6, 2013

DDR Acquires Partner's 85% Interest in Five Centers




National Commercial Real Estate News From CoStar Group





DDR Acquires Partner's 85% Interest in Five Centers



DDR Corporation has acquired its partner's 85-percent interest in five retail centers across the southeastern United States for $94 million.

The five centers total 1.3 million square feet and are currently 98 percent leased on average, anchored by national tenants including Walmart, Target, Costco, Home Depot, T.J. Maxx, Ross, PetSmart, Michael's and Pier One.

Included in the sale are:
The Walk at Highwoods Preserve at 17503-17507 Preserve...






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