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Cypress Secures Promenade Tannehill for $38M

Retail Center Trades In Bessemer
By Bryce Meyers
CoStar News
September 23, 2013 | 6:35 P.M.

Colonial Properties Trust (NYSE: CLP), a multifamily-focused REIT, closed on the sale of the Promenade Tannehill in Bessemer, AL to a fund managed by Dallas-based Cypress Equities for $38 million.

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