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Princeton REIT completes sale of U.K. shopping center

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    Princeton-based Chambers Street Properties, a real estate investment trust, announced Thursday it has sold the Maskew Retail Park, a 144,000-square-foot shopping center in the United Kingdom, for approximately $63 million.

    “This sale represents the completion of our plan to strategically divest the company’s portfolio of retail assets,” Philip L. Kianka, executive vice president and chief operating officer, Chambers Street, said in a statement. “We continue to evaluate our entire portfolio as we concentrate our efforts on allocating more of our resources to the industrial property sector as part of our long-term investment strategy.”

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    Emily Bader

    Emily Bader

    Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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