WHEELER REIT TO ACQUIRE KENTUCKY SHOPPING CENTER FOR $5M

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HARRODSBURG, KY. — Wheeler Real Estate Investment Trust Inc. (Wheeler REIT) has assumed a contract to acquire Harrodsburg Marketplace, a 60,048-square-foot shopping center in Harrodsburg, for $5 million. Kroger anchors the shopping center, which is located about 30 miles southwest of Lexington. The REIT will use a combination of cash and debt to pay for the property and will assume the contract from an affiliate, Wheeler Interests LLC.

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