PROJECTS & PEOPLE

PROJECTS & PEOPLE

Mills Corp. paid $79 million for Westland Mall in Hialeah, Fla., near Miami. The 835,000-square-foot center, currently 87 percent occupied, is anchored by Burdine's-Macy's, JCPenney and Sears. The deal, which represents a cap rate of about 9.3 percent, is part of Mills' strategy to ac...

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Veröffentlicht in:Retail Traffic 2004-02, Vol.33 (2), p.11
Format: Artikel
Sprache:eng
Schlagworte:
Chairman of the board
Site planning
Wegerbauer, Caryn
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Zusammenfassung:Mills Corp. paid $79 million for Westland Mall in Hialeah, Fla., near Miami. The 835,000-square-foot center, currently 87 percent occupied, is anchored by Burdine's-Macy's, JCPenney and Sears. The deal, which represents a cap rate of about 9.3 percent, is part of Mills' strategy to acquire B-class malls and reposition them as entertainment destinations.
ISSN:1544-4236