Breaking News: Blackstone Purchases 36 Shopping Malls for $473M from Equity One

In a deal expected to close in the fourth quarter of this year, Blackstone Real Estate Partners VII has purchased 36 shopping centers from Equity One, Inc., for $473.1 million, including $177.4 million in mortgage debt.

In a deal expected to close in the fourth quarter of this year, Blackstone Real Estate Partners VII has purchased 36 shopping centers from Equity One, Inc., for $473.1 million, including $177.4 million in mortgage debt.

The shopping centers, an approximate combined 3.9 million square feet, are primarily located in the Atlanta, Tampa and Orlando markets, with additional properties in North Carolina, South Carolina, Alabama, Tennessee and Maryland.

More to come on this story as it develops.