SOUTHFIELD, MI-Ramco-Gershenson Properties Trust has acquired itsinstitutional partner's 75% equity interest in East Town Plaza shopping center in Madison, WI. East Town Plaza is a 342,000-sf community shopping center at the Zeier Road and East Springs interchange, anchored by ShopKo, Burlington Coat Factory, Borders, Marshall's and JoAnn Fabrics.
The center was purchased by the joint venture in 2000 and is the last of three assets that comprised the partnership, say company officials, who declined to name the partner.
The local REIT purchased the equity interest in the other two shoppingcenters, Rivertowne Square and Chester Springs, last May.
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