The most recent of three purchases made by Investcorp over the past 30 days was the Coral Palm Plaza, a 135,672 square foot shopping center located in Coral Springs with a total value of approximately $105 million.
The first was the acquisition, in January, of Princeton Forrestal Village, a 550,000 square foot mixed-use development in Princeton, New Jersey. The second was the acquisition earlier this month, in joint venture with Global Fund Investments, of Shops at Tech Ridge, a 332,845 square foot retail power center in Austin, Texas.
Following this acquisition, Investcorp now owns 24 shopping centers in the State of Texas.
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