Local shopping centers change hands
A handful of area shopping centers changed hands this week as part of a merger deal between two real-estate companies.
Ohio-based Developers Diversified took ownership of Adams Farm, Golden Gate and phases one and two of the Shoppes at Wendover Village in Greensboro, said Darryl Crater, a spokesman for Inland Retail Real Estate Trust. The Ohio company also took over Forestdale Plaza in Jamestown.
The shopping centers were part of Developers Diversified's $6.2-billion acquisition of more than 300 properties from the real estate investment trust, a division of the big-name Inland Real Estate Group of Companies.