The seller of the properties is SPG-FCM Ventures LLC, a 50/50joint venture between an equity owned by Simon Property Group, Inc.and funds managed by Farallon Capital Management LLC. SPG-FCMVentures acquired the properties as part of its acquisition of theMills Corp. in March. The sales are expected to close within 90days.

"We are pleased to expand our presence in Florida with theacquisition of these two centers, both of which have significantlong-term redevelopment potential," says Westfield Group managingdirector Peter Lowy, in a released statement.

Broward is a one-story, one-million-sf shopping center at 8000West Broward Blvd. anchored by Dillard's, JC Penney, Macy's andSears that has 125 specialty stores, including Cache, Ann TaylorLoft, Brookstone, Champs and Bandolino Shoes. Sales areapproximately $470 per sf and the center is 89.4% leased.