RD Management LLC buys, redeveloping University Mall

BUYER: University Mall Soho Owner LLC (15.9% interest), University Mall Portwood Owner LLC (59.5%) and University Mall TIC Owner LLC (24.6%) (managers: Jay Furman and Richard Birdoff), New York City
SELLER: LSREF2 Clover Property 18 LLC
PROPERTY: 2102, 2200 and 2266 E. Fowler Ave. and 12313 Club Drive, Tampa
PRICE: $29.5 million
PREVIOUS PRICE: $144.7 million, July 2007 and $1.18 million, January 2008
LAW FIRM ON DEED: Hunton & Williams LLP, Dallas