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ROIC makes another deal. December 16, 2010

Posted by Sean Tufts in Research/Data, Retail Sales Comps.
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ROIC, which has been the most active retail buyer in the Northwest this year has made another deal.  Although, not an outright purchase, their purchase of a 49% share in Crossroads Mall is still significant.

With the two current loans on the property, this purchase values the center at $87.5 million.  That price tag equates to $198/sf.

Seattle Times has the story.

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