Dallas -- Cypress Equities Real Estate Investment Management has announced the acquisition of Lloyd Center in Portland, Ore. The enclosed, three-level 1,478,000-sq.-ft. regional shopping center is located near downtown close to the Convention Center, Rose Garden Arena and Memorial Coliseum.
Lloyd Center offers six anchor stores, more than 180 specialty shops, a 900-seat food court, full-service restaurants, an indoor ice-skating rink and an eight-screen movie theater, said Cypress Equities. The overall trade area includes one million residents. Nearly 36,000 employees work within a one-mile radius of the center.