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Ramco Completes $450M JV with ING Clarion

Purchase of Michigan Neighborhood Center Fulfills JV, Announces Redevelopment of Paulding Pavilion in Hiram, GA
By Sasha M Pardy
August 15, 2007 | 9:17 P.M.

Farmington Hills, MI-based Ramco-Gershenson Properties Trust (NYSE:RPT), retail REIT with a portfolio of 85 shopping centers totaling 18.9 million square feet in 12 states, announced the completion of a $450 million joint venture with ING Clarion yesterday via the acquisition of Old Orchard Shopping Center, a 95,000-square-foot neighborhood center in West Bloomfield, MI.

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News | Ramco Completes $450M JV with ING Clarion