Blackstone Buys 36 U.S. Shopping Centers

Blackstone Group is paying $295.7 million in cash, plus debt, to acquire 36 U.S.-based shopping centers from Equity One Inc. The shopping centers are located chiefly in the southeastern U.S. cities of Tampa, Orlando and Atlanta, and 20 of them are anchored by Publix Super Markets Inc. stores, Reuters wrote. Others are in North Carolina, South Carolina, Alabama and Maryland. Blackstone Real Estate Partners Fund VII will pay a total of $473.1 million, which includes the assumption of $177.4 million in mortgage debt, Reuters wrote. The deal will close in the fourth quarter.

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