Alexander Haagen Properties Declares Regular Dividend.MANHATTAN BEACH Manhattan Beach, city (1990 pop. 32,063), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1912. It is a residential and beach community with an oil refinery and nearby factories that produce transportation and electrical equipment, computers, and pottery. , Calif.--(BUSINESS WIRE)--May 18, 1998--The board of directors of Alexander Haagen Properties Inc. (AMEX AMEX See: American Stock Exchange :ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to ), has declared its regular dividend of $.36 per share for the second quarter of 1998 payable July 20, 1998 to shareholders of record June 30, 1998. The company recently announced its change of name to CenterTrust Retail Properties Inc. subject to shareholder approval at the Annual Meeting scheduled for June 25. In the interim, the company will continue to trade as Alexander Haagen Properties. The company is a fully integrated, self-managed real estate investment trust, and a leading developer, owner and manager of retail shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . The company owns or controls a portfolio of 58 retail properties, comprised of 42 unenclosed anchored shopping centers, two regional malls and 14 single tenant facilities. CONTACT: Alexander Haagen Properties Inc., Manhattan Beach Edward Fox/Stuart Gulland, 310/546-4520 |
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