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deal is for a 60% stake; at 6400-6700 South Parker Rd.; King Soopers, Old Navy, Kohl's, Marshalls, OfficeMax and Linens 'n Things
5-building complex is about 92% occupied, includes nearly 10 acres of land available for future construction.
The property is 97.4 percent leased with average rents of $892/month or $1.05/sf.
REIT paid $48Mln in cash and assumed $13.6Mln of debt. Project is in last phase of development.
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