JACKSONVILLE, FL-Regency Centers Corp., a retail real estate investment trust based in Jacksonville, has sold a portfolio of 15 shopping centers to a subsidiary of Blackstone Real Estate Partners. The REIT sold the retail centers for a total consideration of $321 million.
The company will retain $47.5 million in preferred equity investment in the portfolio. The shopping centers are located in Florida, California, Illinois, North Carolina, Ohio, Texas and Tennessee. They are 90% leased. For the full story, go to Jacksonville Business Journal .
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