Blackstone Completes Centro Purchase

NEW YORK — An affiliate of the Blackstone Group on Tuesday said it had completed its $9 billion acquisition of the U.S. assets and platform of Centro Properties Group, a major supermarket landlord.

NEW YORK — An affiliate of the Blackstone Group on Tuesday said it had completed its $9 billion acquisition of the U.S. assets and platform of Centro Properties Group, a major supermarket landlord.

The acquisition includes 585 neighborhood and community shopping centers, which Centro said would see additional redevelopment efforts as Centro shifts focus from “asset preservation to growth,” the company said in a statement. Centro is the second largest shopping center owner in th

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