header_bar

Free-Newsletter
 
Print Magazine sign up here
We want your news! Submit Here
 
Last Updated ( Thursday, 04 April 2013 14:30 )
DATE_FORMAT_LC2=Thursday,April 04 2013 12:00:00 am EDT   
DDR Completes $127 Million in Transactions in the First Quarter

Beachwood, Ohio — During the first quarter of 2013, Beachwood-based DDR Corp. acquired two centers for $81 million in Dallas and Oakland, Calif., as well as disposed of $46 million of non-prime assets. The company's share of first-quarter disposition proceeds was $35 million.

DDR acquired the 400,000-square-foot Marketplace at Highland Village in Dallas for $40 million. The power center is located at the intersection of Village Parkway and Justin Road. It is 90 percent leased and anchored by Walmart, T.J. Maxx, HomeGoods, LA Fitness and Office Depot.

The firm also purchased Whole Foods at Bay Place, a 57,000-square-foot center in downtown Oakland, for $41 million. The acquisitions were funded primarily with proceeds from assets sales, along with new common equity.

 

Your are currently browsing this site with Internet Explorer 6 (IE6).

Your current web browser must be updated to version 7 of Internet Explorer (IE7) to take advantage of all of template's capabilities.

Why should I upgrade to Internet Explorer 7? Microsoft has redesigned Internet Explorer from the ground up, with better security, new capabilities, and a whole new interface. Many changes resulted from the feedback of millions of users who tested prerelease versions of the new browser. The most compelling reason to upgrade is the improved security. The Internet of today is not the Internet of five years ago. There are dangers that simply didn't exist back in 2001, when Internet Explorer 6 was released to the world. Internet Explorer 7 makes surfing the web fundamentally safer by offering greater protection against viruses, spyware, and other online risks.

Get free downloads for Internet Explorer 7, including recommended updates as they become available. To download Internet Explorer 7 in the language of your choice, please visit the Internet Explorer 7 worldwide page.