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News Breaks | | | | December 28, 2012 | | 05:35 EDT |  | ROIC | Retail Opportunity Investments acquires $114M grocery anchored portfolio
Retail Opportunity Investments announced, in an off-market transaction, it has closed on three shopping centers and has a binding contract to acquire a fourth shopping center. The four properties together comprise a portfolio transaction totaling $114M, encompassing approximately 444,000 square feet of gross leaseable area. The portfolio was previously owned and operated by a Southern California family. The acquisitions are being funded with borrowings under ROIC's unsecured credit facility. | |
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