Slate Retail REIT Announces Acquisition of Shopping Center in Waterbury, Connecticut

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[{"type":"text","content":"\n\n\nTORONTO, July 29, 2014 /CNW/ - Slate Retail REIT (TSX: SRT.U / SRT.UN)\n (\"Slate Retail\" the \"REIT\") today announced that it has entered into a\n binding agreement to purchase Waterbury Plaza, a 100% occupied, 141,443\n square foot grocery-anchored shopping center in Waterbury, Connecticut\n for U.S.$27.3 million (U.S.$193 per square foot).\n\n\nThe REIT continues to execute on its growth plan as this will be the\n third acquisition by the REIT funded with existing available capital\n resources. The property is anchored by Stop & Shop, a wholly owned\n subsidiary of the Dutch supermarket operator Ahold.\n\n\nThe acquisition is expected to be completed in the third quarter 2014\n and remains subject to customary closing conditions.\n\n\nAbout Slate Retail REIT\nSlate Retail REIT is an open-ended real estate investment trust focused\n on U.S. grocery-anchored real estate. The REIT's portfolio includes 30\n properties located primarily across the top 50 U.S. metro markets. The\n REIT is focused on maximizing value through internal organic rental\n growth and strategic acquisitions. For more information, please visit www.slateretailreit.com.\n\n\nSOURCE Slate Retail REIT\n\n\n\n Blair Welch Chief Executive Officer 416 644 4267 Brady Welch Chief Financial Officer 416 644 4263 Copyright CNW Group 2014","length":1979,"tagName":"div"}]

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