Westfield America (NYSE:WEA) to acquire Pirelli Site in New Haven, Connecticut


Countries: United States

New Haven, Connecticut, December 13, 2000 – Westfield America, Inc. (NYSE: WEA) officials announced today that the Company has entered into a letter of intent to purchase the 19 1/2 -acre Pirelli Tire property from New England Development and the Fusco Corporation. In conjunction with the purchase, all related lawsuits between the parties, including the City of New Haven, will be dismissed.

Westfield America, Inc. (NYSE: WEA), a real estate investment trust, is one of the nation’s leading owners of regional shopping centers. The Company owns interests in 39 major shopping centers, branded as Westfield Shoppingtowns. Westfield Shoppingtowns are home more than 5,000 specialty stores, serve approximately 10 % of the U.S. population and comprise 37.7 million square feet of leasable space in California, Colorado, Connecticut, Maryland, Missouri, New Jersey, New York, North Carolina and Washington.