Shoppers World up for sale - Boston Business Journal:

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announced late Monday that it has been retainec to sell the portfoli on behalf ofthe , which is a joint venture between Macquarie DDR Trustf and Developers Diversified Realty The portfolio contains properties in 20 statese including Shoppers World in Framingham, Mass., and totales 12.5 million square feet and has an average occupancyu rate of 88.5 percent. Major tenants in the retail portfolikoinclude Walmart, , , , , Kohl’s and Dick’s Sporting Goods Buyera interested in the portfolio have the option to purchase Maquarie DDR’z 85-percent ownership stake in the portfolio, the entire portfolio or individualo assets. The portfolio was valuef at $1.
9 billion at the end of last according to HollidayFenoglio Fowler. Hollidat Fenoglio was also hired alonyg with Macquarie Capital Advisors and LLC toreview Australia-based Macquarie’z U.S. real estate Macquarie DDR Trust is a real estate investmen t trust with assetstotaling $2.7 billion. As of Sept. 20, more than $36 billion of real estate assetas are managed globally by Macquarie Grou and its associates across a portfolio of listed and unliste d realestate trusts, unlisted development funds and real estat investment syndicates.