Slate Retail REIT to acquire center in Kentucky

Toronto -- Slate Retail REIT announced that it has entered into a binding agreement to purchase Stonefield Square, a 90,991-sq.-ft. grocery-anchored shopping center located in Louisville, Kentucky, for $12.6 million ($138 per square foot). The property is anchored by The Fresh Market.



The acquisition is expected to be completed in fourth quarter 2014 and remains subject to customary closing conditions.