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Article: Regency Centers, Macquarie CountryWide & Desco Partner in Schnucks-Anchored Portfolio.
- Article from:
- Business Wire
- Article date:
- July 9, 2007
CopyrightCOPYRIGHT 2007 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) announced today that it and its joint venture partner, Macquarie CountryWide Trust of Australia, have entered into a definitive agreement to acquire an interest in 33 retail centers totaling approximately 2.8 million square feet of primarily Schnucks-anchored shopping centers from The Desco Group ("Desco"), St. Louis' leading grocery-anchored shopping center developer and operator. The majority of the centers are located in the St. Louis metro area with others in Illinois, Indiana and Tennessee. The transaction, valued at approximately $400 million, is expected to close in the third quarter.
The ...