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Retail REIT Buys Southlake Pavilion for $22.8 Million

DDR, TIAA-CREF Buy 530,066-SF Property
By Daniel Weingarten
January 4, 2012 | 8:19 P.M.

U.S Properties Group, a shopping center REIT, acquired Southlake Pavilion, a major regional retail center in Morrow, GA. DDRTC, a joint venture between DDR Corp. and TIAA-CREF, sold the 16 separate free standing buildings for $22.75 million or $59 per square foot.

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