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Federated Department Stores Inc. of Cincinnati said it had agreed to sell four shopping center properties to affiliates of the JMB Realty Corporation for $128.3 million. Federated said one property is the Riverside Square in Hackensack, N.J., and the rest are in Texas. Federated, making the announcement Friday, said that it would receive $112.2 million before taxes, commissions and other costs, and that JMB would assume a $16.1 million mortgage.
A version of this article appears in print on , Section D, Page 3 of the National edition with the headline: Federated Stores. Order Reprints | Today’s Paper | Subscribe
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