Article: First Washington/CalPERS Shopping Center Portfolio to be Sold for $2.74 Billion; Regency Centers and Macquarie CountryWide the Buyers.

BETHESDA, Md., Feb. 14 /PRNewswire/ -- First Washington Realty, Inc., of Bethesda, Maryland, announced today that it has entered into a definitive agreement with a joint venture of Regency Centers Corporation and Macquarie CountryWide Trust of Australia to sell, on behalf of itself and its joint venture partner, the California Public Employees' Retirement System (CalPERS), a nationwide portfolio of neighborhood and community shopping centers comprised of 101 centers, totaling approximately 13 million square feet, for a purchase price of approximately $2.74 billion. Closing is anticipated to take place in approximately 90 days.

A spokesperson for First ...

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