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Stock Market & Financial Investment News

News Breaks
June 24, 2014
08:34 EDTWHLRWheeler REIT announces acquisition of shopping center in Georgia for $3.7M
Wheeler Real Estate Investment Trust has purchased LaGrange Marketplace, a grocery-anchored shopping center based in LaGrange, Georgia for a purchase price of approximately $3.7M, or $48.24 per leasable square foot. The property was purchased from LaGrange Marketplace, LLC, an affiliate of the company, and paid for using a combination of cash, debt and Operating Partnership units.
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August 20, 2014
06:12 EDTWHLRWheeler REIT files to sell 120K units
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August 19, 2014
08:33 EDTWHLRWheeler acquires three retail development properties for $4.2M
Wheeler announced that it has acquired three development properties for an acquisition value of $4.2M. The three assets were acquired from company affiliate Development Fund I, and were paid for using a combination of cash and the assumption of debt. The company plans to develop the parcels into future retail properties. The three undeveloped properties consist in total of approximately 55.2 acres of land located in Edenton, North Carolina, Moyock, North Carolina and Courtland, Virginia. Each of the assets is located in commercial zones.

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