JOINT PARTNERSHIP SELLS THREE FLORIDA PROPERTIES FOR $53 MILLION

PLANTATION, MARGATE AND BOCA RATON, FLA. — In a joint venture with an affiliate of DRA Advisors, Miami-based Equity One has acquired three properties from private sellers for $53 million. The properties include the 230,330-square-foot Plantation Marketplace in Plantation, the 155,628-square-foot Penn Dutch Plaza in Margate and a four-story, 116,777-square-foot office building in Boca Raton. The properties are subject to a 5.6 percent mortgage with a $38.9 million outstanding balance that matures in November 2014.