Slate Retail REIT Announces Shopping Center Acquisitions in Illinois and Wisconsin

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[{"type":"text","content":"\n\n\nTORONTO, Oct. 8, 2014 /CNW/ - Slate Retail REIT (the \"REIT\") (TSX:\n SRT.U/SRT.UN) today announced that it has entered into a binding\n agreements to purchase two grocery-anchored shopping centers.\n\n\nOakland Commons is a 73,705 square foot property located in Bloomington,\n Illinois and will be acquired for U.S.$8.2 million (U.S.$111 per square\n foot).  The 100% occupied property is anchored by Jewel-Osco, a\n subsidiary of Albertsons LLC.\n\n\nForest Plaza is a 123,028 square foot property located in Fond du Lac,\n Wisconsin and will be acquired for U.S.$16.85 million (U.S.$137 per\n square foot).  The 100% occupied property is anchored by Pick 'n Save,\n a subsidiary of Roundy's Supermarkets, Inc. (NYSE: RNDY).\n\n\nBoth acquisitions are expected to be completed in fourth quarter 2014\n and remain 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\n over 30 properties located primarily across the top 50 U.S. metro\n markets. The REIT is focused on maximizing value through internal\n organic rental growth and strategic acquisitions. For more information,\n 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":2265,"tagName":"div"}]

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