Thursday, September 9, 2010

Equity One buys 3 Fla. shopping centers for $64.7M

Equity One has purchased three Florida shopping centers for $64.7 million, the company said Thursday.

Equity One Inc. said the acquisitions fit with its plan to invest in certain markets with low rents.

The shopping mall developer and operator said it bought Country Walk Plaza in Miami Dade-County for about $27.8 million and West Bird Plaza, also in Miami Dade, for $17.6 million. Pablo Plaza, in Jacksonville, Fla., was acquired for $19.3 million.

Equity One owned or had interests in 185 properties, including 171 shopping centers, as of June 30.

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