Reuters logo
BRIEF-Washington Prime to retain Southern Hills Mall, sell Colonial Park Mall
October 4, 2017 / 9:39 PM / 2 months ago

BRIEF-Washington Prime to retain Southern Hills Mall, sell Colonial Park Mall

Oct 4 (Reuters) - Washington Prime Group Inc

* Washington Prime Group announces strategic transactions

* Washington Prime Group Inc - ‍signed definitive agreement to retain Southern Hills Mall, dominant enclosed asset​

* Washington Prime Group Inc - ‍signed definitive agreement to sell Colonial Park Mall, Tier 2 asset​

* Washington Prime Group Inc- have addressed all 2017 mortgage debt maturities

* Washington Prime-during 9 months ended Sept 30, co expects to record non-cash impairment charge of about $20.9 million related to Colonial Park Mall sale

* Washington Prime Group - ‍ signed definitive agreement to sell Colonial Park Mall to an unaffiliated private real estate investor for price of $15 million​

* Washington Prime - anticipated sale of Southern Hills Mall property by lender to a unit of co for about $55.0 million​ Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below