NORTHBROOK, Ill., Aug. 19 /PRNewswire/ -- Bradley Real Estate, Inc.
(NYSE: BTR) today announced the sale of Meadows Town Mall for $6.1 million
cash. The company intends to reinvest the proceeds from the sale into
targeted acquisitions consistent with its focus on grocery-anchored open-air
shopping centers located in the upper Midwest region of the United States.
Bradley Real Estate, Inc. is the nation's oldest real estate investment
trust (REIT) and a leading owner and operator of neighborhood and community
centers located in the Midwest region of the United States. The company has
paid 144 consecutive quarterly distributions to its share owners, one of the
longest records of distributions among publicly traded REITs. The company
owns 42 properties in 12 states aggregating 8.7 million square feet.
SOURCE Bradley Real Estate, Inc.
 back to top
CONTACT:
Thomas P. D'Arcy, President and CEO, of
Bradley Real Estate, Inc., 847-272-9800, or Dennis Waite of The
Financial Relations Board, 312-640-6674
|
