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Article: Urstadt Biddle Properties Acquires 100,000 Sq. Ft. Fairfield County, Connecticut Shopping Center
- Article from:
- PR Newswire
- Article date:
- September 10, 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)
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GREENWICH, Conn., Sept. 10 /PRNewswire/ -- Urstadt Biddle Properties Inc. (NYSE: UBP, UBP.A), a real estate investment trust, has acquired the 100,000 square foot Goodwives Shopping Center in Darien, Connecticut at a cost of approximately $21.2 million.
The property, which is 98% leased, is anchored by a Grand Union supermarket and a People's Bank branch and was purchased in an all-cash transaction from a local investment partnership.
"The acquisition of this quality property is our eleventh in four years and continues our strategy of concentrating our investments in close proximity to our corporate headquarters. The property, which we will manage ...