|
|
Article: Merchandise Mart Properties, Inc. to Manage Market Square Complex in High Point, North Carolina
- Article from:
- PR Newswire
- Article date:
- August 19, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Vornado Realty Trust to Acquire Market Square Complex
CHICAGO, Aug. 19 /PRNewswire/ -- Merchandise Mart Properties, Inc. (MMPI) announced today that its parent company, Vornado Realty Trust (NYSE: VNO), has entered into a definitive agreement to acquire the Market Square Complex located in High Point, N.C., as well as several surrounding properties from Market Square Limited Partners for $100 million. High Point is the country's largest home furnishings market. The transaction is scheduled to close by the end of the third quarter.
The acquired real estate assets are the showroom properties known as: Market Square, Hamilton Market, ...