Centro Retail Trust (CER) recently completed the sale of five shopping centers in the United States for an aggregate sale price of $74.3 million. The company said it would use the proceeds from this sale to repay the debt remaining on a CMBS loan relating to Centro's purchase of Galileo Shopping America Trust in May 2007. Following are details on the centers sold:
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5617 Cleveland Ave, Stevensville, MI
825 Queen St, Southington, CT
11703 Eastex Fwy, Houston, TX