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Equity One buys Concord Shopping Center


Published : Wed, 10 Jan 2007 17:25
By : Agencies
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NORTH MIAMI BEACH, Fla. (AFX) - Equity One Inc., a real estate investment trust that specializes in shopping centers, said Wednesday it bought the Concord Shopping Center in Miami for about $48.4 million.

The shopping center, which is anchored by a Home Depot and a Winn Dixie, covers about 299,000 square feet and is located in an area where 202,000 people live within a three-mile radius. The center's space is completely leased.

The company said the Concord is loveated between two existing Equity One properties.

Equity One shares rose 8 cents to $26.47 in morning trading on the New York Stock Exchange.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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