JOINT VENTURE ACQUIRES AIRPARK PLAZA

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MIAMI— Equity One and Global Retail Investors have acquired Airpark Plaza, a 172,093-square-foot shopping center in Miami, from Airpark Plaza Ltd., for $37 million. The center is situated on 12 acres at the northwest corner of Red Road and NW 7th Avenue, near the Miami International Airport. Anchor tenants include Publix, Home Depot Expo and Office Depot. The center was 98 percent leased at the time of sale. The seller was represented by The Courtelis Company, and the buyers represented themselves in-house.

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