Inman

Michigan mall sells for $177M

A joint venture between Taubman Centers Inc. and Prudential Real Estate Investors has sold the Woodland Mall in Grand Rapids, Mich.

The value of the transaction was $177.4 million.

Pennsylvania Real Estate Investment Trust purchased the asset.

Taubman Centers Inc., a real estate investment trust, owns and/or manages 22 urban and suburban regional and super regional shopping centers in 11 states.

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