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Article: Regency Centers & Macquarie CountryWide to Acquire 101 Properties Nationwide from Calpers/First Washington.
- Article from:
- Business Wire
- Article date:
- February 15, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JACKSONVILLE, Fla. -- Regency Centers Corporation (NYSE:REG), a leading national owner, operator, and developer focused on grocery-anchored retail centers, announced today that it, along with its joint venture partner, Macquarie CountryWide Trust of Australia, have entered into a definitive agreement to purchase 101 retail centers totaling approximately 13 million square feet from CalPERS/First Washington ("First Washington").
The transaction is valued at approximately $2.74 billion, with Regency's ownership percentage at 35 percent and Macquarie at 65 percent. The Macquarie CountryWide-Regency partnership intends to fund the acquisition through a combination of ...