MissionIR's  Instablog

MissionIR
Send Message
We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices. It is our unwavering commitment to connect the investment community with companies that have great potential and a strong dedication to... More
My company:
MissionIR
My blog:
MissionIR Blog
  • Wheeler Real Estate Investment Trust (WHLR) Surpasses Milestone Of 1 Million Square Feet With New Jersey Shopping Center Acquisition 0 comments
    Dec 20, 2013 2:55 PM | about stocks: WHLR

    Wheeler Real Estate Investment Trust announced it has closed on the acquisition of Winslow Plaza, a 40,695-square-foot shopping center in Berlin-Cross Keys Road in Sicklerville, N.J., located 21 miles south of Philadelphia and just east of the Atlantic City Expressway. The purchase price was around $6.6 million, or $162 per leasable square foot. The property was purchased through a combination of cash and debt.

    The acquisition of this shopping center near the Atlantic City Expressway, a major thoroughfare connecting the Philadelphia metropolitan area with Atlantic City, marks Wheeler's first geographic presence in the state of New Jersey.

    Wheeler is nearing the end of its first year operating as a public company, and the acquisition of Winslow Plaza brings the company's property portfolio to more than 1 million square feet of gross leasable area.

    Wheeler is headquartered in Virginia Beach, Va., and specializes in owning, acquiring, financing, developing, renovating, leasing, and managing income-producing assets, including community centers, neighborhood centers, strip centers, and freestanding retail properties. The company's portfolio contains strategically selected properties that are mainly leased by nationally and regionally recognized consumer goods retailers located in the Mid-Atlantic, Southeast, and Southwest regions of the U.S.

    For more information, visit whlr.us

    MissionIR provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.missionir.com

    Stocks: WHLR
Back To MissionIR's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.