Advertisement

Campeau and DeBartolo completed a purchase.

Share via

The closing was on the previously announced purchase of five of the regional shopping centers of Allied Stores Corp. Campeau Corp. and Edward J. DeBartolo Corp. will each hold a 50% interest in the shopping centers, which DeBartolo will manage. Campeau separately announced that, as required by its bank agreement, it has contributed an additional $50 million of capital to Allied.

Advertisement