Rouse Grows Southeast Retail Portfolio

ATLANTA-In a four-way, $5.3 billion deal with Rodamco North America N.V. of The Netherlands, Rouse Co. of Columbia, MD has shelled out about $1.5 billion for eight regional shopping centers.

The acquistion comprises the 1.32-million-sf Streets at Southpoint in Durham, NC and six major centers in other markets. Rouse also raised its equity share in the 31-year-old, 1.48-million-sf Perimeter Mall in Atlanta.

Simon Property Group of Indianapolis, IN and Westfield America Trust of Sydney, Australia participated in the deal first announced Jan. 16 and closed May 3. Simon and Westfield’s acquired properties are described on GlobeSt.com’s Washington, DC page.