Canadian REIT Buys Seventh Georgia Shopping Center in Atlanta
Wednesday, October 26th, 2016
Slate Retail REIT, an owner and operator of U.S. grocery-anchored real estate, announced that it has entered into a binding agreement to acquire Robson Crossing, a 90% occupied, 100, 245 sq. ft. Publix-anchored centre, in the Atlanta, GA Metropolitan Statistical Area.
The property will be acquired for U.S. $11.0 million (U.S. $110 per square foot). Closing is expected to be completed in the fourth quarter of 2016 and remains subject to customary closing conditions.
Slate Asset Management L.P. is the REIT's manager.
