Vornado Gets $203M In Calif. Shopping Center Sale

Law360, New York (February 13, 2013, 7:07 PM EST) -- Continuing a brisk deals pace in 2013, Vornado Realty Trust has inked an agreement to sell a massive shopping center in San Jose, Calif., for $203 million, according to a Wednesday statement.

The deal, expected to close by the second quarter, will have Vornado handing over a shopping center known as The Plant, according to the investor document. Although Vornado did not disclose the buyer, the property details match up with Cole Real Estate Investment Trust's recent Jan. 25 filing with the U.S. Securities and Exchange...
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