Tuesday, January 23, 2018

QIC closes on third mall in 10-mall deal

Chain Store Age

The investment company QIC closed on an ownership stake in Antelope Valley Mall in Palmdale, California, its third closing in a 10-mall deal it signed with Forest City Realty Trust.

Forest City’s shares in the properties were valued at approximately $1.55 billion in the transaction. Full value of all the regional malls is close to $3.2 billion.. . . more