Stake in International Plaza sells for $499M

Taubman Centers, TIAA-CREF and APG have closed on the sale of their stake in the International Plaza retail center in the Tampa, Fla., area. The 49.9% interest traded for $499 million to a joint venture 51% owned by TIAA-CREFF and 49% by APG. The purchase price was $337 million cash and $162 million of beneficial debt.

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American City Business Journals · Sarasota Herald-Tribune (Fla.)

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