Equity One dumps Baton Rouge property

Retail center plagued by low occupancy

Equity One sold the 94,559-square-foot Millervillage shopping center in Baton Rouge, La. The value of the transaction was $2.7 million. Millervillage is located at the intersection of Millerville Road and the Old Hammond Highway. The property was built in 1983, was renovated in 1992 and was 34 percent occupied at the time of the sale. Equity One is a real estate investment trust that principally acquires, renovates, develops and manages shopping centers anchored by national and regional supermarket chains. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....

Comments