Slate to Acquire $53M NC Retail Asset


The owner and operator of U.S. grocery-anchored real estate inked a binding agreement to purchase Mooresville Consumer Square, a 579,391-square-foot retail property in Iredell County.

Slate Retail REIT announced that it has entered into a binding agreement to acquire Mooresville Consumer Square for $51.3 million or $109 per square foot. The Walmart-anchored property is 97 percent occupied. Closing is expected to be completed in the second quarter of 2017 and remains subject to customary closing conditions. Slate Asset Management LP is the REIT’s manager…

Slate to Acquire $53M NC Retail Asset


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