{"id":1004032923,"date":"2011-10-07T11:12:36","date_gmt":"2011-10-07T19:12:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004032923"},"modified":"2022-12-06T06:40:31","modified_gmt":"2022-12-06T14:40:31","slug":"equityone-sells-two-assets-for-124-9m-buys-shopping-center-for-55-5m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/equityone-sells-two-assets-for-124-9m-buys-shopping-center-for-55-5m\/","title":{"rendered":"EquityOne Sells Two Assets for $124.9M; Buys Shopping Center for $55.5M"},"content":{"rendered":"<p><strong>October 7, 2011<\/strong><br \/>\n<em>By Nicholas Ziegler, News Editor<\/em><br \/>\n<div id=\"attachment_1004032924\" style=\"width: 310px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/10\/100711-Aventura-Square.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004032924\" data-attachment-id=\"1004032924\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/equityone-sells-two-assets-for-124-9m-buys-shopping-center-for-55-5m\/100711-aventura-square\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/10\/100711-Aventura-Square.jpg\" data-orig-size=\"513,295\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"100711 &#8211; Aventura Square\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Aventura Square&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/10\/100711-Aventura-Square.jpg?w=513\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/10\/100711-Aventura-Square.jpg\" alt=\"\" title=\"100711 - Aventura Square\" width=\"300\" height=\"172\" class=\"size-medium wp-image-1004032924\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/10\/100711-Aventura-Square.jpg 513w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/10\/100711-Aventura-Square.jpg?resize=300,173 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004032924\" class=\"wp-caption-text\">Aventura Square<\/p><\/div><\/p>\n<p>EquityOne brought its cards to the table and walked away with some swaps. The shopping-center owner and developer has closed on the sale of Trio Apartments and Park Plaza for an aggregate $124.9 million and has picked up the sale of Aventura Square for $55.5 million.<\/p>\n<p>Trio Apartments, a 304-unit apartment building in Pasadena, Calif., went for $112.2 million, including the assumption of a $62.8 million mortgage. Park Plaza, a 73,000 square foot office building in Sacramento, Calif., was sold for $12.7 million, including the assumption of a $7.4 million mortgage. Both were part of the Capital &amp; Counties acquisition Equity One closed in January 2011. On the acquisition side, the company picked up Aventura Square in Aventura, Fla., for $55.5 million. The complex is a 113,450-square foot-shopping center anchored by Bed Bath &amp; Beyond, Old Navy and DSW. <\/p>\n<p>And continuing to move capital is part of his company\u2019s strategy, Jeff Olson, CEO of EquityOne commented. \u201cWe are pleased to continue our capital recycling efforts by selling non-core assets and redeploying the capital into extremely high quality shopping centers within our targeted markets,\u201d he said. \u201cAventura Square is located in one of the most desirable retail corridors in Miami-Dade County and its tenants generate sales that are among the most productive in their respective chains.\u201d<\/p>\n<p>According to a Cassidy Turley report, retail is a hot market. Despite the slowing pace of the economic recovery, consumers are still expected to increase spending \u2013 directly affecting the retail sector. A July report by the Bureau of Economic Analysis showed that real consumer spending rose by 0.5 percent in July, the largest increase since December 2009. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>EquityOne has closed on the sale of Trio Apartments and Park Plaza for an aggregate $124.9 million and has picked up the sale of Aventura Square for $55.5 million.<\/p>\n","protected":false},"author":1201,"featured_media":1004032924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742,21747,21749,15],"tags":[],"class_list":["post-1004032923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest","category-office","category-retail","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EquityOne Sells Two Assets for $124.9M; Buys Shopping Center for $55.5M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/equityone-sells-two-assets-for-124-9m-buys-shopping-center-for-55-5m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EquityOne Sells Two Assets for $124.9M; Buys Shopping Center for $55.5M\" \/>\n<meta property=\"og:description\" content=\"EquityOne has closed on the sale of Trio Apartments and Park Plaza for an aggregate $124.9 million and has picked up the sale of Aventura Square for $55.5 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/equityone-sells-two-assets-for-124-9m-buys-shopping-center-for-55-5m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-10-07T19:12:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T14:40:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/10\/100711-Aventura-Square.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"513\" \/>\n\t<meta property=\"og:image:height\" content=\"295\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/equityone-sells-two-assets-for-124-9m-buys-shopping-center-for-55-5m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/equityone-sells-two-assets-for-124-9m-buys-shopping-center-for-55-5m\/\",\"name\":\"EquityOne Sells Two Assets for $124.9M; 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