Market Overview

Wheeler REIT to Buy Free-Standing Retail Property for $10.6M

Share:
Related WHLR
Wheeler Real Estate Investment Trust, Inc. Acquires 147,738 Square Foot Shopping Center in Richmond, Virginia
UPDATE: Wheeler Real Estate Investment Trust, Inc. Secures $45M Credit Facility with KeyBank
Top 10 REITs Project 25.3% To 52% Net Gains To June 19, 2016 (Seeking Alpha)

Wheeler Real Estate Investment Trust, Inc. (NASDAQ: 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 contracted to purchase Bixby Commons, a 75,000 square foot free-standing retail property, for a purchase price of approximately $10.6 million, or $141.33 per square foot. The Company is conducting the due diligence process and anticipates the contract will close in the second quarter.

Posted-In: News M&A

 

Related Articles (WHLR)

Around the Web, We're Loving...

Get Benzinga's Newsletters