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The Real Deal Miami

Equity One adds two new Miami-Dade shopping centers to its 171-mall portfolio

September 09, 2010 12:00PM

West Bird Plaza

A North Miami Beach-based owner and developer of shopping centers, Equity One, has added three new properties to its portfolio. The shopping centers, two of which are located in Miami-Dade County and one which is in Jacksonville, were acquired for a total of $64.7 million. The two Miami-Dade County shopping centers are the 99,864-square-foot West Bird Plaza and the 100,229-square-foot Country Walk, which are currently 94 percent and 96 percent leased, respectively. The news of this purchase comes on the heels of positive momentum for Equity, which reported a $71.3 million second-quarter revenue, up from $67.4 million during the same period a year earlier. The company owned 171 shopping centers as of June 30. [SFBJ]