BUSINESS MEMO: WESTFIELD ACQUISITION

Westfield America Inc., a real estate investment trust, has completed acquisitions of three shopping centers in California.

These include: 39.9 interest in Santa Anita Fashion Park in Arcadia and 100 percent interest in Parkway Plaza in El Cajon and Solano Mall at Fairfield.

The interests in the three super regional centers were acquired at a cost of $308 million from TrizeHahn Corp. and add more than 3 million square feet to Westfield holdings.

Westfield owns interest in 32 shopping centers, including West Park Mall at Cape Girardeau. Closings of five other TrizecHahn centers are expected by the end of year, which will give Westfield 38 properties in eight states.