The Real Deal Miami

Equity One closes on $473 million sale of 36 shopping centers

December 21, 2011 03:47PM

Sunrise Town Center

North Miami Beach-based Equity One has closed on the sale of 36 shopping centers nationwide for a total of $473 million. The centers, which total 3.9 million square feet, were sold to Blackstone Real Estate Partners VII, and are located predominantly in the southeastern United States, including in Tampa and Orlando. “The sale of this portfolio is a significant milestone in our strategic plan as we execute on our capital recycling efforts,” said Jeff Olson, CEO of Equity One. The previously-announced deal also involved the Sunrise Town Center in Broward County. — Alexander Britell