An unrelated third party completed the acquisition of Topaz Marketplace from Strategic Realty Trust, Inc.
February 10, 2020
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An unrelated third party entered into a purchase and sale agreement to acquire Topaz Marketplace from Strategic Realty Trust, Inc. for approximately $10.5 million on December 5, 2019. The transaction is subject to the satisfaction of agreed upon closing conditions.
An unrelated third party completed the acquisition of Topaz Marketplace from Strategic Realty Trust, Inc. on February 10, 2020. The proceeds were used to pay down the amended and restated credit facility in its entirety.
Strategic Realty Trust, Inc. is a real estate investment trust (REIT). The Company invests in and manages a portfolio of income-producing retail properties located in the United States. The Companyâs business is conducted through Strategic Realty Operating Partnership, L.P. It owns substantially all of its assets and conducts its operations through its operating partnership, of which it is the sole general partner. Its property portfolio includes six retail properties, comprising an aggregate of approximately 27,000 square feet of multi-tenant, commercial retail space located in California. Its properties include 400 Grove Street, 8 Octavia Street, Fulton Shops, 450 Hayes, 388 Fulton and Silver Lake.
STRATEGIC REALTY TRUST, INC. 
