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Tishman International Cos. and GE Real Estate Central & Eastern Europe are working on a project that rolls up three trends in one: mixed-use development, airport retail and investment in an international center.

NREI online has the details on the $363 million project.

Two U.S.-based real estate firms will develop a $363 million mixed-use complex near the Sofia, Bulgaria international airport. Los Angeles-based Tishman International Cos. and GE Real Estate Central & Eastern Europe will co-develop the Sofia Airport Center project.

The announcement marks the first time that two U.S.-based developers have agreed to build a project in Bulgaria.

“Our joint venture is ideally positioned to successfully develop Sofia Airport Center, [which will become] a state of the art project that will set a new standard for commercial development throughout the region," says Alan Levy, chairman of Tishman International.

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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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