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October 31, 2008
Forest City in the News
CoStar Group, Forest City Buys Bldg. at Antelope Valley Mall for $12M
Forest City Enterprises acquired the Gottschalks building at the Antelope Valley Mall in Palmdale, CA. Gottschalks Inc. sold the property for $12 million, or about $114 per square foot.
Press release, via PR Newswire, Forest City Celebrates Grand Opening of The Shops at Wiregrass
Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today celebrated the grand opening of The Shops at Wiregrass, a 646,000-square-foot open-air, regional lifestyle center in Wesley Chapel, Fla., near Tampa.
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"The Shops at Wiregrass will be a regional draw for the New Tampa area, becoming a true gathering place for the growing population of Pasco County," said Charles A. Ratner, Forest City president and chief executive officer. "Along with great anchors and restaurants, it is opening with 81 percent of small-shop space committed, and with 78 percent already signed to leases, demonstrating strong retailer support for this project, even in uncertain economic times.""This marks the Company's second successful retail opening in October, joining The Shops at White Oak Village near Richmond, Va., which opened earlier this month at nearly 90 percent leased," Ratner added.
Posted by lumi at October 31, 2008 4:46 AM