BALTIMORE-General Growth Properties Inc., a Chicago-based REIT, is selling Harborplace, a 149,066-square-foot shopping center in Baltimore, to Ashkenazy Acquisition Corp., a New York-based retail property investor. People familiar with the deal said that Ashkenazy is planning acquire a long-term lease on the retail center in a deal expected to close on November 19.
The 398,000-square-foot Gallery, situated adjacent to Harborplace, is not part of the deal. Harborplace, opened in 1980, was developed by Rouse Co. It is currently 91% occupied. For the full story, go to Wall Street Journal .
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