REAL ESTATE PURCHASE AND SALE AGREEMENTReal Estate Purchase and Sale Agreement • May 2nd, 2013 • Wheeler Real Estate Investment Trust, Inc. • Real estate investment trusts • Oklahoma
THIS REAL ESTATE PURCHASE AND SALE AGREEMENT (“Agreement”) is made and entered into this 24th day of April, 2013 (the “Effective Date”), by and between Reasor’s LLC, an Oklahoma limited liability company, with a business address of 200 West Choctaw, Tahlequah, Oklahoma 74464 (“Seller”) and WHEELER INTERESTS, LLC, a Virginia limited liability company (“Buyer”) with a business address of Suite 200, 2529 Virginia Beach Boulevard, Virginia Beach, Virginia 23452.
ASSIGNMENT OF PURCHASE AND SALE AGREEMENTAssignment of Purchase and Sale Agreement • May 2nd, 2013 • Wheeler Real Estate Investment Trust, Inc. • Real estate investment trusts
THIS ASSIGNMENT OF PURCHASE AND SALE AGREEMENT dated April 26, 2013, is made by and between Wheeler Interests, LLC a Virginia limited liability company, (“Assignor”), and WHLR-JENKS, LLC, a Virginia limited liability company (“Assignee”).
ContractWheeler Real Estate Investment Trust, Inc. • May 2nd, 2013 • Real estate investment trusts
On April 26, 2013, Wheeler Real Estate Investment Trust, Inc. (the “Company”), through a subsidiary of Wheeler Real Estate investment Trust, L.P., assumed a sale-leaseback purchase contract from Wheeler Interests, LLC, a related party, to acquire Reasor’s Jenks Shopping Center (the “Property”), an 81,000 square foot shopping center located in Jenks, Oklahoma for a purchase price of approximately $11.4 million. The property is owned and 100% occupied by a Reasor’s Foods grocery store. The acquisition will be subject to Reasor’s signing a 20 year, triple-net operating lease under terms mutually agreed upon by all parties.
