Urstadt Biddle Properties, a Greenwich-based real estate investment trust, said it has sold a 328,000 square-foot retail shopping mall in Springfield, Massachusetts, known as the "Five Town Plaza Shopping Center," for $31 million in cash. The property was sold to an institutional real estate company, and Urstadt Biddle will use the proceeds of the sale to repay existing debt, it said in a statement after markets closed on Thursday.
http://www.newstimes.com/business/article/Urstadt-Biddle-sells-Springfield-Mass-mall-for-5781121.php
http://www.newstimes.com/business/article/Urstadt-Biddle-sells-Springfield-Mass-mall-for-5781121.php
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