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Center Trust to Sell Six Shopping Centers

The properties, which have yet to be identified specifically, are in Washington, California and Nevada.

By Brian K. Miller | Updated on July 28, 2000

SEATTLE—Retail REIT Center Trust Inc. is selling six properties in Washington, California and Nevada to Kimco Realty Corp. for $160.6 million, including the assumption of $68.3 million in debt. The names and locations of the specific properties have yet to be released by either company.

Center Trust owns or controls a portfolio of 55 retail properties. Of it’s 47 community centers, 11 are located in the Pacific Northwest (eight in Washington, three in Oregon), seven in Northern California, 23 in Southern California and six in the Southwest. Two regional malls are located in Southern California. Four single tenant assets are in Southern California, two are in Northern California and one is located in the Southwest.

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