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Article: Westfield America, Inc. (NYSE: WEA) to Acquire The Rouse Company Interest In Westfield Shoppingtown Valley Fair.
- Article from:
- PR Newswire
- Article date:
- May 6, 1999
CopyrightCOPYRIGHT 1999 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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The Company to Sell Westfield Shoppingtown Cerritos
LOS ANGELES, May 6 /PRNewswire/ -- Westfield America, Inc. (NYSE: WEA) announced today that it would acquire the remaining 50% interest in Westfield Shoppingtown Valley Fair, in San Jose, CA from The Rouse Company for $107 million plus the assumption of debt, giving Westfield 100% ownership of the property.
Westfield America also announced that it is selling its Westfield Shoppingtown Cerritos, in Cerritos, CA to The Macerich Company, a Los Angeles-based real estate investment trust. Macerich is purchasing 100% of the super regional shopping center for $93 million plus the assumption of debt. Both ...