Mark Wilson, a member of the executive committee who played a lead role in the integration, has been promoted from managing director to COO. He will assume primary responsibility for day-to-day operations.

Michael Moss of Kramont has been promoted to VP and director of leasing. Bob Steiner is named VP of anchor leasing, and Dennis Connolly, formerly with the Rouse Co., Disney and the Mills Corp., is named VP of development.

The announcement comes on the heels of Centro's agreement to acquire six enclosed regional malls and a power center from Westfield Group for $524 million. The acquisition marks Centro Watts' addition of regional shopping centers to its retail portfolio. "The addition of regional malls to our portfolio will allow us to have broader offerings to our retailer customers across the country," says Jim Magnin, president of Centro Watt, in a statement. It takes the Centro Watt portfolio to 103 shopping centers encompassing nearly 20 million sf in 18 states, and according to the Centro statement, makes it the 25th largest owner/manager of retail space in the US.

The properties were priced separately. A Centro Watt spokesman here provides the following detail on each. Enfield Square in Enfield, CT, aggregates 723,722 sf and traded for $88.9 million. It was built in 1971, renovated in 2001, and is 97% leased. Westland Towne Center in Lakewood, CO. is the power center in the portfolio. It was built in 1995 and aggregates 537,588 sf. The price for this 99%-leased asset is $32.9 million.

The 456,375-sf Eagle Rock Plaza in Los Angeles sold for $57 million. It was built in 1973, renovated in 2001 and is 99% leased. Independence Mall in Wilmington, NC, aggregates one million sf and traded for $131.2 million. It was built in 1979, renovated in 2001 and is 97% leased. Midway Mall in Elyria, OH aggregates 1.1 million sf and commanded $98.5 million. It was built in 1966, renovated in 1990 and is 94% leased.

West Park Mall in Cape Girardeau, MO, aggregates 502,350 sf and has a price tag of $64.3 million. It was built in 1981, renovated this year, and it is 87% leased. The 723,676-sf Richland Mall in Mansfield, OH, commanded $51.2 million. It was built in 1969 and renovated in 1988. The spokesman tells GlobeSt.com, "it is currently 71% occupied. It has a vacant Lazarus, which is being consolidated into a Macy's, which will take occupancy to 91%." Of the seven properties, he adds, "these are typical mid-market centers and solid performers."