Shoppers World up for sale - Boston Business Journal:

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announced late Monday that it has been retained to sell the portfoliok on behalf ofthe owners, , which is a jointg venture between Macquarie DDR Trust and Developere Diversified Realty Corp. The portfolio containss properties in 20 statews including Shoppers Worldin Mass., and totals 12.5 million square feet and has an average occupancu rate of 88.5 Major tenants in the retail portfolio include Walmart, , , , , Kohl’s and Dick’sz Sporting Goods Buyers interested in the portfolio have the option to purchase Maquarie DDR’s 85-percent ownership stake in the portfolio, the entir e portfolio or individual assets. The portfolio was valued at $1.
9 billionb at the end of last year, accordinyg to Holliday Fenoglio Fowler. Holliday Fenogliol was also hired along with Macquarie Capitak Advisors and LLC torevieq Australia-based Macquarie’s U.S. real estatre assets. Macquarie DDR Trust is a real estatr investment trust with assetstotaling $2.7 As of Sept. 20, more than $36 billion of real estates assets are managed globally by Macquarie Group and its associatesx across a portfolio of listed and unlisted realestate trusts, unlisted development fundzs and real estate investmen t syndicates.