Wheeler Real Estate Investment Trust, Inc. WHLR (“Wheeler” or the
“Company”), a company specializing in owning, acquiring, financing,
developing, renovating, leasing and managing income producing assets, such as
community centers, neighborhood centers, strip centers and free-standing
retail properties, announced today that it has purchased Surrey Plaza, a
grocery-anchored shopping center for a purchase price of approximately $2.3
million, or $53 per leasable square foot. The property was purchased from
Wheeler Interest, LLC, an affiliate of the Company and paid for using a
combination of proceeds from the Company's initial public offering ("IPO"),
completed November 2012, and the issuance of operating partnership units.
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