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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 9, 1997
PAN PACIFIC RETAIL PROPERTIES, INC.
(Exact Name of Registrant as Specified in its Charter)
Maryland 001-13243 33-0752457
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(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification No.)
1631-B South Melrose Drive
Vista, California 92083
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (760) 727-1002
N.A.
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
On September 9, 1997 , Pan Pacific Retail Properties, Inc. (the
"Registrant") acquired the Rainbow Promenade Shopping Center pursuant to a
Purchase and Sale Agreement executed on August 18, 1997. The property, a
228,960 square foot retail center located in Las Vegas, was acquired for
$31,300,000 from Rainbow Promenade Partners, L.L.C., an unrelated third-party.
The asset, acquired for cash, was paid for with available cash and borrowings
under an existing unsecured credit facility available to the Registrant. The
Registrant intends to continue to operate the asset as a shopping center.
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Item 7. Financial Statements and Exhibits.
(a) Financial Statements.
It is impracticable to provide the required financial statements
of Rainbow Promenade at this time. The required financial
statements of Rainbow Promenade will be filed by amendment as
soon as practicable, but not later than November 21, 1997.
(b) Pro Forma Financial Information.
It is impracticable to provide the required pro forma financial
information for Rainbow Promenade at this time. The required pro
forma financial information for Rainbow Promenade will be filed
by amendment as soon as practicable, but not later than
November 21, 1997.
(c) Exhibits.
The Exhibits to this report are listed on the Exhibit Index set
forth elsewhere herein.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized on September 22, 1997.
PAN PACIFIC RETAIL PROPERTIES, INC.
By: /s/ Stuart A. Tanz
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Stuart A. Tanz
President and Chief Executive Officer
By : /s/ David L. Adlard
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David L. Adlard
Executive Vice President and
Chief Financial Officer
By : /s/ Laurie A. Sneve
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Laurie A. Sneve, CPA
Vice President and Controller
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PAN PACIFIC RETAIL PROPERTIES, INC.
EXHIBIT INDEX
Number and Description of Exhibit
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99.1 Purchase and Sale Agreement between Rainbow Promenade Partners,
L.L.C. and Pan Pacific Retail Properties, Inc. dated August 18, 1997
(previously filed as Exhibit 10.9 to the Registrant's Quarterly
Report on Form 10-Q relating to the six months ended June 30, 1997
and incorporated herein by this reference).
