TORONTO, July 29, 2014 /CNW/ - Slate Retail REIT (TSX: SRT.U / SRT.UN)
("Slate Retail" the "REIT") today announced that it has entered into a
binding agreement to purchase Waterbury Plaza, a 100% occupied, 141,443
square foot grocery-anchored shopping center in Waterbury, Connecticut
for U.S.$27.3 million (U.S.$193 per square foot).
The REIT continues to execute on its growth plan as this will be the
third acquisition by the REIT funded with existing available capital
resources. The property is anchored by Stop & Shop, a wholly owned
subsidiary of the Dutch supermarket operator Ahold.
The acquisition is expected to be completed in the third quarter 2014
and remains subject to customary closing conditions.
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.
SOURCE: Slate Retail REIT
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416 644 4263