Unibail-Rodamco-Westfield has sold its Westfield Trumbull shopping mall in Trumbull, Conn., and Westfield South Shore in Bay Shore, N.Y., for a total of $196 million, which it said represented a 9.5 percent capitalization rate on in-place net operating income. The sales are part of the company’s effort, launched early last year, to dramatically reduce its exposure […]

The post Unibail-Rodamco-Westfield Sells 2 Shopping Malls in Conn., N.Y., for $196Mln appeared first on Commercial Real Estate Direct.