PHILADELPHIA-The Port Washington, NY-based REIT completes due diligence on three grocery-anchored centers totaling 325,000 sf. It will pay approximately $82 per sf for two centers in Cleveland and another in Columbus. Closings await lenders' consent for the assumption of loans.

LONDON-The Crown Estate generated a profit of Pounds 163.3 million ($250 million) in the year to 31 March 2002, up 10.6% on the previous year in spite of the effects of Foot & Mouth on its agricultural holdings and of 11 September on its central London estate.

MONTGOMERY, IL-Hunt Midwest Real Estate Development, Inc. pays $47 per sf to acquire a Home Depot distribution center at 1000 Knell Dr. from the largest industrial player in the market, CenterPoint Properties Trust.

ISSAQUAH, WA-Costco Wholesale Corp. purchases the Seattle Public Schools Logistics Center for $12 million for use as an expanded parking lot for its adjoining Costco warehouse store.