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FARMINGTON HILLS, MI-Ramco-Gershenson Properties Trust, basedhere, has agreed to purchase four shopping centers for $105.9million, and to sell two centers for $5.4 million. The soughtproperties are in Colorado, Missouri and Wisconsin, and the soldsites are in Florida.
Two of the centers are in the Boulder, CO area. Harvest JunctionNorth and South total 327,875 square feet in Longmont, CO. Theproperties are 96% leased, and tenants include Bed Bath &Beyond, DSW, Dick’s, Best Buy and Staples. The purchase price is$69.2 million, and Ramco-Gershenson is also under contract to buyan additional 14 acres for $2.7 million nearby for futureexpansion. Panattoni was the seller.
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