The company also sold a retail asset in New Albany, OH forapproximately $4 million, giving the real estate company ayear-to-date total of $92 million in assets sold year to date.

Proceeds from Developers Diversified's asset sales were used torepay debt and fund previously announced property acquisitions andongoing development projects.

The San Diego asset sold was a 58,800 sf office building leasedto Eastman Kodak and Accumetrics. The Ohio asset sold was a 30,110sf neighborhood shopping center.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.