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Slate Grocery Reit Closes Acquisition Of Grocery-Anchored Property In Indiana And Secures New 15-Year Lease With Kroger

Jul 16, 2021about 4 years ago

Acquiring Company

Slate Grocery REIT (TSX

Acquired Company

Property

Toronto

Description

Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that it has closed the acquisition of Glenlake Plaza, a grocery-anchored property in Indianapolis, Indiana, for US$8.5 million (US$81 per square foot). Concurrent with the acquisition, the REIT has secured a new, long-term lease with the property’s anchor tenant, Kroger, for 15 years.

Company Information

Company

Slate Grocery REIT (TSX

Location

Toronto, Ontario, Canada

About

SGR.U / SGR.UN)

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