Retail Value Inc., the Beachwood-based subsidiary of DDR Corp., closed on the sale of its Tampa retail property, The Walk at Highwoods Preserve, for $25 million.
Proceeds from the sale of the 108,089-square-foot retail property, with anchor tenants that include Best Buy and Michaels, were used to repay mortgage debt associated with RVI.
Subsequent to the transaction, RVI owns interests in 36 properties located in the continental U.S. and 12 properties in Puerto Rico.
