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Show Equitable: shopping center leader Tlie Equitable Life Assurance Society of the United one of the five Stales largest owners of shoppuig ar(enters in the world ranged financing of Crossroad' Plaza and is one of - the genera! partners Headquartered in New York City , Equitable is man aging partner of the shopping center and office tower. Equitables $42 5 million mortgage loan and $4 million equity contribution to Crossroads Plaza is a prune example of the company's increasing interest in developing regional shopping centers through joint The Equitable is a major institutional investor in real estate with mortgage and equity investments totaling more than $15 billion nationwide In Utah. Equitable has real estate and mortgage investments totaling nearly $175 million, principally m the Salt Lake metropolitan area In additional to Crossroads Plaza, other notable mortgage investments of Equitable include $20 million for Layton Hills Mall $20 million for Little America Hotel gKSsi ODD $10 million for of real estate in Salt Lake City. Equitable pi opei ties include two research and developments buildings in the University of Utah Research Park, the downtown Sears store, and purchaser Cotton- wood Mall $6.5 million for St Marks Hospital $6 million for Amencan-StreveDistribution Center $4 milhon for Davis North Medical Center Equitable is also an active ll three warehouse-offic- e buildings With tremendous predicted Equitable expects to continue investing substantially in the Salt Lake real estate market. Equitable is the nations third largest insurance company, with $35.4 billion in assets under management More than 115,000 Utahns are protected by Equitables insurance, with more than $1 billion of life insurance in force in the state Equitable became one of the five largest owners of shopping centers 12-c- .a M COLORS: BROWN, TAN, GREY, NAVY. REG. LONG growth for the area. in the world in September 1979 when it purchased 12 regional shopping malls comprising about $500 million worth of real estate. The li enclosed shopping malls, acquired from Monumental Properties, are located in Florida, Louisiana. Texas, Geoigia, Oklahoma. Maryland. Tennessee, Ohio and New York The 12 purchased m 1979 were coupled with. 16 prev acquired, giving Equitable a portfolio of 28 owned shopping centers by the end A WINNING COMBO FOR 'i mate-controlle- 1 1 I ri of 1979 l Specialty shop has 36 to 44 38 to 42 casual i feeling The Morrey A store features a wide selection of tops and bottoms, especially jeans, for young junior sizes. A small shop merchandized in a casual atmosphere, the Crossroads store is the 28th Morrey A store to open REGULAR PRICE $125.00 district manager, reported that Salkin & Linoff. Inc , started by Ron Mock, Samuel Salkin and Joseph Linoff in 1921 with a single store in Elkton, S D , operates diversified retail operations in many states, ranging from junior department stores to small apparel ONE WEEK boutiques Today there are more than retail stores of the firm. 250 ONLY! A philosophy of centralized buying, including trips to Europe and the Orient, and localized management has given the company the ability to offer customers fashion merchandise at moderate prices and without losing sight of the individual need in each marketing r. i f area. LI Uk 50 South Main O Crossroad Plaza O IWjyjTEJgr If f'JMPH 322-487- 7 We hope each of our stores serves as an asset to its community," said Salkin, president of the company, With the opening of our Morrey A store in Salt Lake City, we look forward to continued involvement in the citys future growth. I P |
