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Urstadt Biddle Properties Inc. Announces Acquisition of Two Properties of a Three Property Portfolio in New Jersey

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Urstadt Biddle Properties Inc. Announces Acquisition of Two Properties of a Three Property Portfolio in New Jersey Powered By Docstoc
					
				
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posted:1/4/2013
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Description: GREENWICH, Conn.--(BUSINESS WIRE)--Urstadt Biddle Properties Inc. (NYSE: UBA and UBP) announced today that it has completed the purchase of the Bernards Square Medical Office Building in Bernardsville, NJ and the Clockwork Childcare Center in Chester, NJ for a combined purchase price of $6.45 million, excluding closing costs. Both properties were purchased free and clear of mortgages. The $6.45 million acquisition was funded with proceeds from the Company’s recently completed stock offerings. Th a style='font-
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