Article: Urstadt Biddle Properties Inc. Announces Acquisition of the Emerson Shopping Plaza, Emerson, New Jersey.

GREENWICH, Conn. -- Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) announced that it has completed the purchase of the Emerson Shopping Plaza in Emerson, New Jersey for a purchase price of $17.25 million, excluding closing costs. The center, located at the intersection of Old Hook Road and Main Street was built in the 1980's, contains 92,441 square feet of leasable space and is anchored by a 50,150 sf ShopRite supermarket. The center contains national and regional retailers who serve the needs of the surrounding community such as Dunkin' Donuts, Hallmark Cards, Bank of America and H&R Block. The acquisition was funded with the net proceeds received from the recent ...

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