LONG BEACH, CA-Equity One Inc., a firm located in North Miami Beach, has acquired three shopping centers from Irvine, CA-based Bixby Land Co. for $72 million. The sales of retail properties are part of Bixby's strategy to become an owner of industrial assets.
The three shopping centers totaling 273,000 square feet are located close to the Long Beach traffic circle's retail hub. One of the three properties had a debt of $11.6 million. For the full story, go to Orange County Business Journal.
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