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Riviera Center Mgmt Sells Hastings Ranch Plaza Ground Lease

Federal Realty Investment Acquires Pasadena Retail Center
By Arlene Klausen
March 8, 2017 | 5:54 P.M.

Federal Realty Investment Trust, a public REIT, purchased the leasehold interest in the Hastings Ranch Plaza at 3801 E. Foothill Blvd. in Pasadena, CA from Riviera Center Management Company for $29.5 million, or about $108 per square foot.

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