Slate Retail REIT Completes Acquisition of North Summit Square Shopping Center
TORONTO, July 24, 2014 /CNW/ - Slate Retail REIT (TSX: SRT.U / SRT.UN) ("Slate Retail" the "REIT") today announced that it has successfully completed the previously announced acquisition of a grocery-anchored shopping center located in Winston-Salem, North Carolina.
North Summit Square was acquired for U.S.$15,800,000 (U.S.$70 per square foot). The 224,530 square foot property is 99% occupied and anchored by Sam's Club.
About Slate Retail REIT
Slate Retail REIT is an open-ended real estate investment trust focused on U.S. grocery-anchored real estate. The REIT's portfolio includes 30 properties located primarily across the top 50 U.S. metro markets. The REIT is focused on maximizing value through internal organic rental growth and strategic acquisitions. For more information, please visit www.slateretailreit.com.
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