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Article: Aegis Realty, Inc. Acquires Two Neighborhood Shopping Centers Totaling $13.3 Million
- Article from:
- PR Newswire
- Article date:
- June 29, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. 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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Makes First Acquisition With Operating Partnership Units;
Continues Disposition of Non-Core Assets
NEW YORK, June 29 /PRNewswire/ -- Aegis Realty, Inc. (Amex: AER) today announced the acquisition of two neighborhood shopping centers totaling $13.3 million.
Governor's Square
Aegis acquired Governor's Square, a 183,339-square-foot neighborhood shopping center located in Montgomery, Alabama, for $8.2 million. A portion of the purchase price was paid in Operating Partnership Units, marking the first acquisition for Aegis utilizing its UPREIT structure.
"The seller of Governor's Square had been a long ...