West Park Mall owner selling properties

Centro Properties Group, which owns West Park Mall among its 588 shopping centers in the U.S., has agreed to sell its properties to Blackstone Group LP for $9.4 billion, The Wall Street Journal reported Monday. A spokeswoman for Centro would not confirm the sale, however, the Melbourne, Australia-based company on Monday requested the Australian Stock Exchange Limited grant a trading halt of its securities effective immediately, pending an announcement of a potential transaction. The company is $8 million in debt on its U.S. portfolio, according to The Wall Street Journal article. Centro purchased West Park Mall 2006.

Pertinent address:

3049 William Street, Cape Girardeau, Mo