BOSTON (AFX) - Strip mall owner Heritage Property Investment Trust Inc. said Tuesday it scheduled a shareholder meeting for Oct. 3 to vote on the sale of Heritage to Centro Watt, a U.S.-Australian joint venture.
The real estate investment trust announced in July it agreed to be purchased for about $3.2 billion, including debt, by Centro Watt, a partnership between Australian company Centro Properties Group and Watt Commercial Properties, based in Los Angeles.
Heritage owns 171 shopping centers in 30 states, focusing on malls with grocery stores as anchors.
Shares of Heritage closed down 2 cents at $36.27 on the New York Stock Exchagne.
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