Glimcher, Blackstone to buy Honolulu retail center for $245 million

09/2/2010 |

Glimcher Realty Trust and Blackstone Real Estate Advisors are partnering to buy Pearlridge Center in Honolulu for $245 million. It is an 80-20 joint venture, with Blackstone as the majority partner. At 1 million square feet, Pearlridge is the second-largest retail center in the state.

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