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Stock Market & Financial Investment News

News Breaks
January 2, 2014
09:02 EDTUBA, UBPUrstadt Biddle Properties acquires two shopping centers in NJ
Urstadt Biddle Properties has acquired two shopping centers in New Jersey. The first is the 63,000 square foot Boonton A&P Center in Boonton, NJ. The Boonton center was purchased for $18.35M, subject to an existing mortgage in the amount of $7.8M that requires payments of principal and interest at a fixed rate of 4.2% per annum. The second property is the 56,000 square foot Bloomfield A&P Center in Bloomfield, NJ. The Bloomfield center was purchased for $11.01M subject to an existing mortgage in the amount of $7.7M that requires payments of principal and interest at a fixed rate of 6.43% per annum.
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