BRE Retail Holdings, a unit of Blackstone Real Estate Partners VI, has acquired U.S. assets and platform of Centro Properties Group. The assets were purchased for about $9 billion. The portfolio consists of 585 community and neighborhood shopping centers across 39 states in the U.S. and its U.S. property management platform, consisting of 18 offices.

The assets are leased to tenants, such as TJX Companies, Kroger, Ahold USA, Dollar Tree and Staples. Wells Fargo, Deutsche Bank Securities and Barclays Capital acted as financial advisors to Blackstone.