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 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.
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