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Vornado Makes Retail Buy


Vornado Realty Trust has purchased 15 centers. Reuters lists the purchase price as $209 million, but that doesn't include the assumption of debt, which amounts to $142 million. That puts the total purchase price at $351 million.

The buyer is undisclosed.

The properties are located primarily in northern New Jersey and on New York's Long Island.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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