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Colonial Properties To Sell 2 Birmingham Power Centers

REIT Inks Deal to Trade Nearly 1 Million SF in Trussville, AL Retail Space to Mystery Buyer
By Roberta Bardawil
October 9, 2006 | 4:16 P.M.

Colonial Properties Trust (NYSE:CLP) signed a contract to sell Colonial Pinnacle Tutwiler Farm and Colonial Promenade Tutwiler Farm, two malls about 15 miles outside of Birmingham, AL, to an undisclosed buyer. The purchase price was not disclosed.

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