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PRO Real Estate Investment Trust completes previously announced property acquisitions


Tuesday, 10 Dec 2013 05:58pm EST 

PRO Real Estate Investment Trust:Says that it has completed the acquisition of the remaining two commercial properties that the REIT is acquiring further to its public offering which closed on Nov. 26, 2013.Says together with the two acquisitions announced on Dec. 3, 2013, the acquisitions add about 315,330 square feet of gross leasable area to PROREIT's existing portfolio.Says the two properties acquired are located at 370 Connell Street, Woodstock, New Brunswick and 3200-3260 Guénette Street, St-Laurent, Québec.Says they were respectively acquired for a purchase price of about $13.95 million and $15.25 million (excluding closing costs), for a total purchase price of about $29.2 million. 

Company Quote

2.1
0.03 +1.45%
17 Oct 2014