Wheeler Real Estate Investment Trust Inc acquires portfolio of three grocery anchored shopping centers in North Carolina for $15.3M - Land.Net News
Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) ("Wheeler"
or the "Company"), a fully-integrated, self-managed commercial real
estate investment company focused on acquiring and managing
income-producing retail properties with a primary focus on
grocery-anchored centers, announced today that the Company has acquired
three properties located in North Carolina from a family-owned group.
The Company acquired the properties on August 21, 2015 using a
combination of cash and debt for a combined acquisition value of $15.3
million, or $89.38 per square foot.