Chicago Real Estate Firm Buys Miami Shopping-Entertainment Center.

From: Knight Ridder/Tribune Business News | Date: August 13, 1998| Author: Walker, Elaine | Copyright information

Knight Ridder/Tribune Business News

Aug. 14--A Chicago-based real estate investment trust paid about $70 million Thursday to purchase CocoWalk with plans to add new tenants and expand the center.

City Center Retail Trust executives expect to change the mix of retail and entertainment uses on CocoWalk's third and fourth floor, an area of the Coconut Grove center that has struggled to build an identity.

Although CocoWalk is considered a national pioneer in t...

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